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.
I am Admin, Gale.in. I am into investing and trading for last 7 years. I love sharing my knowledge and to educate people. I write articles regarding stock market to enlighten people about stock market and also share stock ideas at Gale.in to ensure retail investors of decent profits. You can contact me at firstname.lastname@example.org for stock queries. Have a wonderful time at Gale.in.