BUY Tata Steel, ICICI Bank, TCS, Bajaj Finance and Jubilant Foodworks: Ashwani Gujral
Market analyst Ashwani Gujral has surprisingly given BUY calls for five stocks in today’s trading session. Indian markets have opened weak due to uncertainty caused by coronavirus spread across the world. At the moment, governments are taking strict action to stop the fast spread of infection. Ashwani Gujral feels that some of the stocks have been battered too much in the recent panic selling.
After its initial plunge, oil prices have stabilized. Energy market experts believe that oil will remain in range of USD 30 – 37 in the near future. Indian currency was trading at 74.26 to USD and 82.72 to EURO. The forex markets have witnessed USD rising against other currencies.
Ashwani Gujral suggests BUY CALL for ICICI Bank with a stop loss of Rs 440, target of Rs 465.
Gujral also suggested traders to BUY TCS with a stop loss of Rs 1780, target of Rs 1860. Technology companies might not face as much trouble as some other sectors, due to coronavirus.
Gujral suggested BUY CALL for Bajaj Finance with a stop loss of Rs 3800, target of Rs 4200. And, for Jubilant Foodworks, Gujral has BUY CALL with a stop loss of Rs 1480, target of Rs 1600.
Ashwani Gujral has suggested BUY Call for ICICI Bank with a stop loss of Rs 440, target of Rs 465.