Buy OBC, Ashok Leyland, & ICICI Bank, recommends stock analyst Ashwani Gujral

The latest analysis and commentary by stock market guru Ashwani Gujral of ashwanigujral.com on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about United Phosphorous Ltd (UPL), Bank of Baroda (BoB), Yes Bank, Punjab National Bank (PNB), Siemens, ICICI Prudential Life Insurance Company, Repco Home Finance, Raymond, Amara Raja Batteries, Kotak Mahindra Bank, HDFC Bank, Indiabulls Housing Finance, Oriental Bank of Commerce, Ashok Leyland, ICICI Bank.

Stock specific, Gujral said, “Oriental Bank of Commerce (OBC) is a buy with a stop of Rs 92 and target of Rs 98. Ashok Leyland is a buy with a stop of Rs 82 and target of Rs 90. ICICI Bank is a buy with a stop of Rs 420 and target of Rs 445.”

“Kotak Mahindra Bank is a buy with a stop of Rs 1,495 and target of Rs 1,540. HDFC Bank is a buy with a stop of Rs 2,410 and target of Rs 2,460. Indiabulls Housing is a buy with a stop of Rs 585 and target of Rs 610,” Gujral said.

“I would think Rs 812-820 we could get on UPL. Don’t buy into this decline because it looks like there could be a reason for it. It is still trading above its 200-day moving average (DMA). So overall strong stock but just buy it around 200 DMA, Rs 820-840 sort of levels. BoB is a buy with a stop of Rs 113, target of Rs 127. Yes Bank is a buy with a stop of Rs 102, target of Rs 116. PNB is a buy with a stop of Rs 74, target of Rs 82,” he said.

“Siemens is a buy with a stop of Rs 1,255, target of Rs 1,300. ICICI Pru is a buy with a stop of Rs 360, target of Rs 375. Repco Home is a sell with a stop of Rs 364, target of Rs 346 and Raymond is a sell with a stop of Rs 750, target of Rs 725 and Amara Raja Batteries is a sell with a stop of Rs 590, target of Rs 565,” he added.

https://www.cnbctv18.com/author/ashwani-gujral-115/

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