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 Axis Bank, Coal India, and UPL.
Speaking about individual stocks, Sharma said, “Axis Bank has moved up dramatically. Although it saw a lot of volatility, but ended up closing higher by 1 percent. I am buying the 710 Call at around Rs 6, stop loss at Rs 3, and target of around Rs 11.”
“Coal India is one of those stocks in which we keep on recommending because of the dividend yield of 7.7 percent which is available at the current price. Also the stock has gone up yesterday by around 2.7 percent. So I am buying the 220 Call here at around Rs 2.15 and a target of around Rs 5. There is no stop loss in this,” he added.
On UPL, Sharma said, “It is one of those stocks which have been fundamentally recommended by us and also recommended by your technical analysts. Therefore, the options data also – more of technical data suggests that the stock is going up. So I am buying the 860 Call at around Rs 6, stop loss at Rs 3 and target of around Rs 12.”Disclaimer:
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