Stock to buy/hold IGL, Ambuja Cements, Eicher Motors, DHFL, Exide & BPCL.
IGL has rallied 25-30% in Feb and is consolidating 1000-1050. We were bullish on Petronet LNG after the move in IGL. Finally, Petronet is catching up from 340 to 430 in 3 months. Now we expect IGL to move towards 1250 in three months. Sl 970.We are bullish on the Gas distribution sector for next 5-6 years.
GIC Housing has moved 60% in a month and is trading at 18-19x pe. DHFL has moved 30% in 3 months and is trading at 13-15x pe.
We recommend to buy DHFL 370-385. Target 450. SL 350. 3 months.
Exide is near our monthly target of 233. We recommend to add more on dips towards 225. Target 285. 3 months. Sl 207.
Ambuja was our low risk pick at 230. Currently above 245, the stock is looking stronger to make new 52 week high of 285 in 6 weeks.
We are bullish on Eicher Motors from 21000 few months back and also went the stock dipped to 23000 recently. Above 26000, expect the stock to move to 30000 in 3 months. Sl 24500.
BPCL is a hold for target of 850 in 3 months. SL 640. Buy on dips towards 675.
For other stocks please go through the below links for target prices.
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