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.”
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.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Telangana CM violated poll code, defer Rythu Bharosa payment, says Election Commission
May 7, 2024 9:01 PM