The latest analysis and commentary by stock market guru Yogesh Mehta, VP-Equity Advisory of Motilal Oswal on what is moving the markets today. Check out his top stock recommendations. He also answered viewer stock queries.
He spoke at length about United Breweries, Jubilant Foodworks, Piramal Enterprise.
Recommending stock specific ideas, Mehta said, “Individual stock specific, United Breweries looks good keeping a stop loss of Rs 1,390 target could be in the range of Rs 1,480-1,490. Second one on the sell side is Jubilant Foodworks. Rs 1,240-1,250 is the band where it has got resistance and multiple highs in last four sessions. It could be a short candidate with a target price of Rs 1,185 keeping a stop loss of Rs 1,255. Piramal Enterprises is one which is showing a strong strength above Rs 2,345-2,350 levels. If it sustains here, then target could be in the range of Rs 2,470-2,480 level, keeping a stop loss of Rs 2,280-2,285 band.”Disclaimer:
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