Ashwani Gujral: BUY Balkrishna Industries, Muthoot Finance, HDFC Bank, Kotak Mahindra Bank and L&T Finance
Market analyst Ashwani Gujral has many BUY calls for traders today. Indian markets are expected to open higher and trade high during the day as Dow Jones registered second day of gains. US markets are expecting a strong stimulus package and the stocks have firmed up in anticipation. Many investors are also buying at lower levels as some of the stocks have registered massive decline in the recent weeks.
Small gold finance operator Muthoot Finance is on Gujral’s radar for the day. Gujral suggests traders to BUY Muthoot Finance with a stop loss of Rs 580 and target price of Rs 640.
Commercial tire maker Balkrishna Industries has declined a lot in the recent trading sessions. The stock will have support from lower levels and Ashwani Gujral suggests BUY Call with stop loss of Rs 840 and target price of Rs 900.
Among private banks, HDFC Bank is a good buy for the day. Gujral suggests traders to buy HDFC Bank with a stop loss of Rs 850 and target price of Rs 910. Another private bank, Kotak Mahindra Bank can be bought with a stop loss of Rs 1,270 and target price of Rs 1,340.
Gujral also has a BUY call for L&T Finance Holdings with a stop loss of Rs 50 and target price of Rs 64. Traders should keep strict stop loss.
Indian markets are expected to remain strong for the session as Asian markets are also trading strong.