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Buy DCB Bank & Repco Home, recommends Chandan Taparia of Motilal Oswal Securities
The latest analysis and commentary by stock market guru Chandan Taparia of Motilal Oswal Securities on what is moving the markets today. Check out his top stock recommendations.
The latest analysis and commentary by stock market guru Chandan Taparia of Motilal Oswal Securities on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about DCB Bank, Repco Home Finance, and State Bank of India.
Speaking about individual stocks, Taparia said, “Recommending to buy DCB Bank with a stop loss of Rs 221 for an upside target towards Rs 242 kind of levels.”
“Recommending to buy Repco Home Finance with a stop loss of Rs 425 and expecting it to move towards Rs 470 kind of levels,” he added.
On State Bank of India (SBI), Taparia said, “Buy 345 Call, sell 360 Call. So in the entire spread one has to pay the premium of around 6 points. Keep a spread stop loss of Rs 2 for target of Rs 14. So, 1:2 risk reward ratio and overall we are expecting SBI to head towards Rs 355-360 zones.”
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