The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Thermax, Larsen and Toubro (L&T), Glenmark Pharma, Ceat, Maruti Suzuki India and Kaveri Seed Company.

“Thermax certainly is looking good. I feel that it can climb to around Rs 1,200 zone. As far as L&T is concerned, possibly we could see some support emerging here and possibly an upmove could happen but I would prefer Tharmax,” he said.

“Glenmark Pharma looks good. We could see an upmove here, targets on the upside Rs 660, stop below Rs 627. Looks like it is holding out. The stock that looks weak is Ceat. We could see a slide to maybe Rs 1,175 zones,” he added.

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Talking about other stocks, he said, “Two stocks I would like to go long. I wouldn’t like to go short here now. Maruti looks good, we have a good chance that it can climb to around Rs 7,500 to Rs 7,550 to Rs 7,600 zone; a good possibility that it can go there, stop below Rs 7,300 should be okay.”

“Kaveri Seed Company is another stock that looks good, good chance that it can climb to around Rs 530-540 zone, stop loss below Rs 510,” he added.

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First Published:Dec 10, 2018 10:33 AM IST