HomeNewsBusinessStocksBuy Apollo Hospitals, Amara Raja may hit Rs 825: Prakash Gaba

Buy Apollo Hospitals, Amara Raja may hit Rs 825: Prakash Gaba

Prakash Gaba of prakashgaba.com recommends going long in Apollo Hospitals and likes Havells India.

January 20, 2016 / 12:01 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "I am trying to play a reaction on Amara Raja Batteries. There is a headwind around Rs 825, so perhaps if the upmove continues then maybe it can go to Rs 825 zones but a tight stop loss below Rs 800 should be just fine, purely a trading bet, a counter trade.""I like Havells India, it is forming good base and I would assume that it is climbing to levels closer to Rs 295-300 zones but I will be happy with Rs 295 and keep a stop loss below Rs 278. Looks like the short covering is over and a fresh upmove is starting here. It is not a contra trade, looks like a good trend here," he said."Apollo Hospitals looks good, it has seen a good base formation, the stock has given a breakout at Rs 1,390-1,400 zones. So perhaps it is climbing up to levels close to around Rs 1,450 zone, I would have a stop loss below Rs 1,390 and trade long."

first published: Jan 20, 2016 12:01 pm

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