The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about V-Guard Industries, State Bank of India (SBI), LIC Housing Finance, Hindustan Petroleum Corporation Ltd (HPCL), Ashok Leyland, ICICI Bank, Axis Bank, Indiabulls Housing, Zee Entertainment, Tech Mahindra, Interglobe Aviation, GAIL, IndusInd Bank, Avanti Feed, Reliance Industries, DHFL, Kotak Mahindra Bank, HDFC Bank, Jubilant FoodWorks, Hindustan Unilever, Axis Bank and Infosys.
Stock specific, Gujral said, "Hindustan Unilever (HUL) is a buy with a stop of Rs 1,750 target of Rs 1,800. Axis Bank is a buy with a stop of Rs 698 target of Rs 720 and Infosys is a buy with a stop of Rs 740 target of Rs 765."
He further said, "Kotak Mahindra Bank is buy with a stop of Rs 1,230 target of Rs 1,275. HDFC Bank is a buy with a stop of Rs 2,040 target of Rs 2,080 and Jubilant FoodWorks is a buy with a stop of Rs 1,240 target of Rs 1,285."
He also said, “IndusInd Bank is a buy with a stop of Rs 1,480 and target of Rs 1,540. Avanti Feed is a buy with a stop of Rs 336 and target of Rs 352. Reliance Industries is a buy with a stop of Rs 1,210 and target of Rs 1,245.”
Giving some stock recommendations, Gujral said, “ICICI Bank is a sell with a stop of Rs 372 and target of Rs 358. Interglobe Aviation is a sell with a stop of Rs 1,170 and target of Rs 1,120. Gas Authority of India (GAIL) is a buy with a stop of Rs 325 and target of Rs 341.”
“Ashok Leyland is about Rs 80 now. That is very key because earlier when the regime changed, euro IV, etc. this was the level from which it bounced back. If Rs 80 is taken out on the downside, I think this could fall back towards Rs 75. So, you can sell it with a stop of about Rs 83 and target of Rs 75. Hindustan Petroleum (HPCL) and all the other petrochemical stocks have now started turning from their 200 day moving averages. So this is a sell with a stop of Rs 236 and target of Rs 220. LIC Housing is a sell with a stop of Rs 438 and target of Rs 420. V-Guard is a buy with a stop of Rs 202 and target of Rs 216. State Bank of India (SBI) is a buy with a stop of Rs 282 and target of Rs 297,” Gujral said.
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First Published:Jan 31, 2019 9:14 AM IST