financetom
Market
financetom
/
Market
/
Rahul Shah of Motilal Oswal recommends a buy on DCB Bank, Grasim & a sell on M&M
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rahul Shah of Motilal Oswal recommends a buy on DCB Bank, Grasim & a sell on M&M
Jun 10, 2019 3:10 AM

Sudarshan Sukhani of s2analytics.com, Mitessh Thakkar of mitesshthakkar.com and Rahul Shah of Motilal Oswal discusses with Prashant Nair and Ekta Batra their readings and outlook on market technical and F&O side of the market as well as specific stocks and sectors. They also answered viewer stock queries.

They also spoke at length on Bajaj Finserv, Siemens, Aurobindo Pharma, Bata, Punjab National Bank (PNB), Jet Airways, Reliance Industries, DCB Bank, Grasim Industries, & Mahindra & Mahindra (M&M).

Sudarshan Sukhani stock recommendations are, “Financial stock had started the day well, some of them will probably still continue with gains and Bajaj Finserv is likely to be one of them. So, Bajaj Finserv is a buying opportunity. The other is infrastructure that is a sector that we want to buy whenever there is an opportunity and today we have Siemens as a buy. Siemens and L&T should now be in the portfolio of most investors but for today consider buying Siemens. Aurobindo Pharma is a short sell the reasons are so easy to understand. The chart is simply collapsing that is an intraday sell.”

Ashwani Gujral stock ideas are, “Bata is a buy with a stop of Rs 1,395 target of Rs 1,440. Punjab National Bank (PNB) is a sell with a stop of Rs 80 target of Rs 74. Jet Airways is a sell with a stop of Rs 121 target of Rs 110.”

Rahul Shah stock picks are, “The three stock sides in market are two long and one short. One being from a private sector bank DCB Bank. Stock is near its 52 week high and slowly stock has been inching up. So a good long position and good technical breakout so with a stop loss of Rs 232 and target of Rs 252 one should go long on DCB. Second is Grasim, we saw post results stock hitting Rs 965 and from there it has hit again Rs 860 or odd so stock has support at Rs 862 with that stop loss I would go long in Grasim with a target of Rs 915. An auto stock we have been seen that mayhem is still continued and I feel auto still should some weakness. In that space M&M looks the weakest among the lot so I would short M&M with a stop loss of Rs 652 and target of Rs 628.”

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

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

Disclaimer

: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
May 1, 2024
03:23 PM EDT, 05/01/2024 (MT Newswires) -- Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index adding 1.2% and the Financial Select Sector SPDR Fund (XLF) up 0.8%. The Philadelphia Housing Index spiked 2%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 1.3%. Bitcoin (BTC-USD) dropped 3.7% to $58,383, and the yield for...
Equity Markets Mostly Fall After Fed Leaves Rate Unchanged
Equity Markets Mostly Fall After Fed Leaves Rate Unchanged
May 1, 2024
04:56 PM EDT, 05/01/2024 (MT Newswires) -- US benchmark equity indexes closed mostly lower Wednesday after the Federal Reserve kept interest rates unchanged and said there's been a lack of further progress in bringing inflation down in recent months. The S&P 500 and the Nasdaq Composite fell 0.3% each to 5,018.4 and 15,605.5, respectively. The Dow Jones Industrial Average rose...
Equity Markets Mostly Fall After Fed Leaves Rate Unchanged
Equity Markets Mostly Fall After Fed Leaves Rate Unchanged
May 1, 2024
04:31 PM EDT, 05/01/2024 (MT Newswires) -- US benchmark equity indexes closed mostly lower Wednesday after the Federal Reserve kept interest rates unchanged and said there's been a lack of further progress in bringing inflation down as expected in recent months. The S&P 500 and the Nasdaq Composite fell 0.3% each to 5,018.4 and 15,605.5, respectively. The Dow Jones Industrial...
Sector Update: Energy
Sector Update: Energy
May 1, 2024
03:22 PM EDT, 05/01/2024 (MT Newswires) -- Energy stocks retreated in late Wednesday afternoon trading with the NYSE Energy Sector Index shedding 0.6% and the Energy Select Sector SPDR Fund (XLE) down 1.1%. The Philadelphia Oil Service Sector index fell 0.9%, while the Dow Jones US Utilities index gained 1.6%. US crude oil stocks, including those in the Strategic Petroleum...
Copyright 2023-2025 - www.financetom.com All Rights Reserved