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 Kotak Mahindra Bank, IndusInd Bank, RBL Bank, Pidilite, Dabur, Bharat Forge, GAIL, Sun Pharma, Reliance Infrastructure, Century Textiles and Industries, Mahindra & Mahindra, BEML, HUL, Siemens, Voltas, Yes Bank and Reliance Industries.
”Kotak Mahindra Bank is a buy with a stop of Rs 1,260, target of Rs 1,295, IndusInd Bank is a buy with a stop of Rs 1,550, target of Rs 1,585 and RBL Bank is a buy with a stop of Rs 540, target of Rs 565,” he said.
“Pidilite is a buy with a stop of Rs 1,120, target of Rs 1,180. Dabur is a buy with a stop of Rs 406, target of Rs 424. Bharat Forge is a sell with a stop of Rs 511, target of Rs 495. GAIL is a sell with a stop of Rs 339, target of Rs 324 and Sun Pharma is a sell with a stop of Rs 416, target of Rs 398,” he added.
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On stocks front, he said, “Reliance Infrastructure is a buy with a stop loss of Rs 297 and target of Rs 312. Century Textiles and Industries is a buy with a stop loss of Rs 850 and target of Rs 875 and Mahindra and Mahindra is a buy with a stop of Rs 705 and target of Rs 730.”
“BEML is a buy with a stop of Rs 710 and target of Rs 735. HUL is a buy with a stop of Rs 1,800 and target of Rs 1,845 and Kotak is also a buy with a stop of Rs 1,195 and target of Rs 1,240,” he added.
“Siemens is a buy with a stop of Rs 930 and target of Rs 980. Voltas is a buy with a stop of Rs 534 and target of Rs 550 and Yes Bank is a buy with a stop of Rs 162 and target of Rs 174,” he further added.
On Reliance Industries front, Gujral said, “It’s a ranging type counter and Rs 1,060 on the downside and Rs 1,180 on the upside. So the moment it hits Rs 1,060 buying will come back.”
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First Published:Dec 10, 2018 9:10 AM IST