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Top stock ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for Wednesday
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Top stock ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for Wednesday
Apr 10, 2019 12:10 AM

Indian Indices are likely to open in red on Wednesday, tracking subdued Asian peers, ahead of March-quarter earnings beginning this week. The International Monetary Fund (IMF) cut India’s growth forecast by 20 basis points to 7.3 percent for the current financial year, citing National Accounts Statistics data, which IMF said indicated softer underlying momentum. Asian shares fell as IMF lowered its global growth outlook and tensions over tariffs between the United States and Europe escalated.

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On Tuesday, the market managed to gain momentum in the last hour of trade to end near the day's high. The BSE Sensex gained 238.69 points at 38,939.22 while the Nifty 50 rose 67.50 points to 11,672

Among brokerages, Jefferies picked Maruti Suzuki in the auto space, while CLSA retained 'buy' rating on Infosys. HSBC was bullish on Reliance Industries and Dabur. Nomura picked Lupin, Dr Reddy’s, Apollo Hospitals, and Glenmark in the pharma sector.

Among stocks, Ashwani Gujral is bullish on banking stocks like Bank of India, Yes Bank, Bank of Baroda, ICICI Bank and Canara Bank. Meanwhile, Sudarshan Sukhani has a buy call for M&M, Divi's Labs and United Spirits and sell call on MCX India and NMDC. Mitessh Thakkar is positive on auto stocks including Bajaj Auto and Maruti Suzuki and negative on Max Financial Services.

Top buy-sell calls by market experts for today:

Ashwani Gujral - ashwanigujral.com

- Buy Bank of Baroda with a stop loss of Rs 129, target at Rs 137

- Buy Canara Bank with a stop loss of Rs 282, target at Rs 296

- Buy Bank of India with a stop loss of Rs 100, target at Rs 106

- Buy YES Bank with a stop loss of Rs 265, target at Rs 280

- Buy ICICI Bank with a stop loss of Rs 393, target at Rs 410

Sudarshan Sukhani - s2analytics.com

- Buy Mahindra & Mahindra with a stop loss of Rs 660, target at Rs 675

- Buy United Spirits with a stop loss of Rs 536, target at Rs 565

- Buy Divis Labs with a stop loss of Rs 1,698, target at Rs 1,730

- Sell MCX India with a stop loss of Rs 775, target at Rs 736

- Sell NMDC with a stop loss of Rs 105.9, target at Rs 101

Mitessh Thakkar - mitesshthakkar.com

- Sell Max Financial Services with a stop loss of Rs 432, target at Rs 409

- Buy Bajaj Auto with a stop loss below Rs 2,888, target at Rs 3,000

- Buy Maruti Suzuki with a stop loss of Rs 7,160, target at Rs 7,320

- Buy Tata Motors DVR with a stop loss of Rs 96, target at Rs 106

Also, catch all the live market updates on our Market live blog

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