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, Hindustan Unilever, ITC, Reliance Industries, and Tata Motors.
Speaking about individual stocks, Sharma said, “In Individual stocks, I am buying Axis Bank. I am buying the 620 Call at Rs 23, stop loss at Rs 18, and target around Rs 35. I am also buying Reliance Industries 1,080 Call. I am buying this around Rs 32. It closed on Friday at Rs 37, so should it dip, I will be a buyer. A target of around Rs 50 and stop loss of Rs 24.”
“ITC is an FMCG stock which I am buying at 285 Call. Rs 6.3 is the price at which I will buy, stop loss at Rs 3.8 and target of around Rs 11. Hindustan Unilever I am buying for 1,640 Call at Rs 32, stop loss at Rs 24, and target of around Rs 50. In Tata Motors I am buying the 195 Call at Rs 7, stop loss at Rs 4, and target of around Rs 14,” he added.
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