Prakash Gaba: BUY Ashok Leyland and Dabur, SELL Divi's Labs and HPCL
Market analyst Prakash Gaba has two stocks on his BUY list and two for SELL in today’s trading session. Markets are moving sideways after two days of smart gains. US markets also remains range-bound on Thursday. Prakash Gaba has given BUY CALL for Dabur and Ashok Leyland.
As per Gaba’s recommendation, traders can BUY automobile giant Ashok Leyland with a stop loss of Rs 40, target of Rs 55. Another recommendation from Gaba is FMCG major Dabur. Gaba suggests traders to Buy Dabur with a stop loss of Rs 420, target of Rs 460.
Indian currency jumped against US dollar yesterday after USD touched its highest level earlier this week. Indian currency has firmed up against US dollar but Euro and British Pound have remained near their recent highs.
RBI has reduced repo-rate today in order to help the economy and push banks to give loans to businesses in need due to coronavirus pandemic. The impact of coronavirus is still not clear but panic selling has stopped for the moment in stock markets.
Prakash Gaba suggests SELL call for pharmaceutical company Divi's Labs with a stop loss of Rs 1,920, target of Rs 1,800. Oil major HPCL is on Gaba’s selling list. Gaba has suggested traders to Sell HPCL with a stop loss of Rs 182, target of Rs 165.