Mitesh Thakkar: BUY Bandhan Bank, Eicher Motors, Cadila Healthcare and ICICI Prudential
Market expert Mitesh Thakkar has suggested four BUY calls for traders in today’s trade. Indian markets gained ground last week and this week we can expect some consolidation. Market experts believe that private banks will firm up during the next few trading sessions. For today, Indian markets are expected to open flat and might trade in a small range.
Mitesh Thakkar suggests BUY Call for private bank Bandhan Bank. Traders can Buy Bandhan Bank with a stop loss of Rs 209, target at Rs 232. Thakkar has also suggested BUY call for pharmaceutical major Cadila Healthcare with a stop loss of Rs 323, target at Rs 355.
Among automobile stocks, Eicher Motors and Maruti have witnessed a quick decline in valuations due to panic selling led by coronavirus pandemic. These were fundamentally strong stocks in automobile sector. Maruti touched 52-week low recently but the stock has bounced back to Rs 5200 levels. Thakkar suggests traders to BUY Eicher Motors with a stop loss of Rs 14,300, target at Rs 15,600.
Another stock on Thakkar’s BUY list is ICICI Prudential. ICICI Prudential with a stop loss of Rs 355, target at Rs 395.