The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today.
He also spoke at length on IndusInd Bank, L&T Finance Holdings, HDFC, Mindtree, Apollo Tyre, IRB Infrastructure, Biocon, Piramal Enterprises, Cipla, Bajaj Finance, Vedanta, Canara Bank, Adani Power, Reliance Capital, Reliance Infrastructure, Yes Bank, Bajaj Finserv, Kotak Mahindra Bank.
Recommending stock specific ideas, Gujral said, "Yes Bank is a buy with a stop of Rs 153 and target of Rs 170. Bajaj Finserv is a buy with a stop of Rs 5,980 and target of Rs 6,150. Kotak Mahindra Bank is a buy with a stop of Rs 1,170 and target of Rs 1,220."
Recommending stock specific ideas, Gujral said, "Reliance Capital is a sell with a stop of Rs 230 and target of Rs 215. Reliance Infrastructure is a sell with a stop of Rs 352 and target of Rs 335. Adani Power is a buy with a stop of Rs 54 and target of Rs 60."
Speaking about stock picks, Ashwani Gujral said, “Cipla is a buy that is because it has gone down for so long. It is now at fairly strong long-term supports. So, that is a buy with a stop of Rs 515 target of Rs 540. Bajaj Finance is a buy with a stop of Rs 2,450 target of Rs 2,530 and Vedanta is a buy with a stop of Rs 194 target of Rs 208.”
“IRB Infrastructure is a buy with a stop of Rs 152 target of Rs 164. Biocon is a buy with a stop of Rs 600 target of Rs 621 and Piramal Enterprises is a buy with a stop of Rs 2,100 target of Rs 2,250.”
“IndusInd Bank is a buy with a stop of Rs 1,600 target of Rs 1,665. L&T Finance Holdings is a buy with a stop of Rs 136 target of Rs 148. HDFC is a buy with a stop of Rs 1,900 target of Rs 2,010. Mindtree is a buy with a stop of Rs 865 target of Rs 900. Apollo Tyre is a buy with a stop of Rs 230 target of Rs 245."
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First Published: Nov 29, 2018 9:04 AM IST