They spoke at length about Cipla, ITC, DLF, Gas Authority of India, PNB Housing, BHEL, ICICI Bank, REC, Tata Motors, Wipro, Indiabulls Real Estate, L&T Finance, and ITC.

Stock specific Thakkar recommended buying Cipla and ITC.

“I like Cipla and ITC. I think ITC is just getting into some kind of an uptrend again after a few days of consolidation. That could be bought with a stop at Rs 295 for targets of Rs 310. CIpla is a buy with a stop at Rs 545 for target of Rs 565,” he said.

Recommending specific stocks, Gujral said, “BHEL is a buy with a stop of Rs 74 and target of Rs 82. ICICI Bank is a buy with a stop of Rs 386 and target of Rs 410. REC is a buy with a stop of Rs 150 and target of Rs 162.”

“I have chosen L&T Finance. One can buy a 150 strike Put that is quoting around Rs 5-5.50. Keep a target of Rs 10 and one could keep a stop loss of Rs 2.50. On the long side, consider buying ITC. It can be bought for a possible target of Rs 308. Suggest a stop loss of Rs 294,” Subramanyam said.

Follow stock recommendations by Mitessh Thakkar here:

https://www.cnbctv18.com/author/mitessh-thakkar-111/

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

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