The latest analysis and commentary by stock market guru VK Sharma of HDFC Securities on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Hindalco, JSW Steel, Escorts, and Aurobindo Pharma.
Speaking about individual stocks, Sharma said, “Hindalco I am buying the 230 Call at Rs 8, stop loss at Rs 6, and a target of around Rs 13. JSW Steel is another stock where I am buying the 320 Call at Rs 12, stop loss at Rs 9, and target of around Rs 18.”
“Escorts numbers have stood out and in terms of open interest also we added 6 percent on Friday, 1 percent the stock was up. I am buying the 720 Call at Rs 26, stop loss at Rs 21, and a target of around Rs 35. Aurobindo Pharma has done well. Open interest was added 5 percent and the beginning of the series it has risen 2 percent. So this is a stock which I believe has broken out and I am buying 820 Call at Rs 28, stop loss at Rs 23, and a target of around Rs 40,” he added.
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