BUY ITC, Bharti Airtel, Kotak Mahindra Bank, HDFC Bank and Infosys: Ashwani Gujral
Market analyst Ashwani Gujral has five BUY calls for today’s trading session as the markets are expected to see a positive trade today. Indian markets opened strong and many stocks have opened in the green after many days of decline. US markets closed positive on Thursday after the U.S. government has announced some concrete moves to help the economy and people in general by giving them additional cash to deal with coronavirus crisis.
Ashwani Gujral has suggested Buy call for ITC with a stop loss of Rs 157, target at Rs 172. Gujral is also bullish on telecom major Bharti Airtel. Gujral has given BUY call for Bharti Airtel with a stop loss of Rs 436, target at Rs 460.
Gujral has given BUY call for two banking stocks. Both the private sector banks are expected to bounce back once the markets trade positive. Gujral suggests BUY for Kotak Mahindra Bank with a stop loss of Rs 1,190, target at Rs 1,245. For HDFC Bank, Gujral suggests BUY with with a stop loss of Rs 880, target at Rs 935.
Indian currency declined compared to US Dollar and Euro in today’s trading session.
For technology major Infosys Technologies, Gujral has given BUY call for traders. Traders can BUY Infosys with a stop loss of Rs 535, target at Rs 570.