The latest analysis and commentary by stock market guru VK Sharma of HDFC Securities on what is moving the markets today. Check out his top stock recommendations.
Stock specific, Sharma said, “ICICI Bank is one stock that we like. This is one stock which we believe that we have been asking our investors to buy in the cash market as well and it is one of those strong recommendations.”
“I am buying the 420 Call at around Rs 6.5, target of around Rs 11, and a stop loss at Rs 4,” he added.
“Another stock I have is Larsen and Toubro (L&T). I am buying the 1,540 Call at around Rs 18, stop loss at Rs 12 and target of around Rs 30,” Sharma said.
“Manappuram Finance I am buying the 145 Call at Rs 2.75, stop loss at Rs 1.5 and target of around Rs 5,” he added.
On Balkrishna Industries, Sharma said, “I am buying the 760 Put here at around Rs 21 and I will keep a stop loss at Rs 16 and have a target of around Rs 30 here.”
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