HomeNewsBusinessStocksKotak Mahindra Bank may test Rs 780, HUL Rs 900: Prakash Gaba

Kotak Mahindra Bank may test Rs 780, HUL Rs 900: Prakash Gaba

Prakash Gaba of prakashgaba.com feels that Kotak Mahindra Bank may test Rs 780 and HUL may climb closer to Rs 900.

June 06, 2016 / 10:55 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like Hindustan Unilever (HUL). We have seen a good move of 2 percent with a breakout. So even if it does consolidate today, but looks like HUL is climbing to levels closer to Rs 900 zones, maybe higher and stoploss below Rs 870."He further added, "Kotak Mahindra Bank did a move of 3 percent, given a good breakout. It is a multi breakout, it is trading at an all time high, it is climbing up higher to around Rs 780 zone and stoploss below Rs 753.""Dabur looks good, it has given a beautiful breakout and looks like it can climb to levels closer to Rs 315. It may take a day or two and stoploss below Rs 300.""I also like Godrej Industries. It looks like a good base formation and breakout has come in and a good upmove of 2.5 percent has come here. Looks like it can climb to levels closer to Rs 367-368 zone in a day or two and a stoploss below Rs 350 should be fine," he said.

first published: Jun 6, 2016 09:02 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!