HomeNewsBusinessStocksLike Infosys; buy ICICI Bank, Lupin, TCS: Prakash Gaba

Like Infosys; buy ICICI Bank, Lupin, TCS: Prakash Gaba

Prakash Gaba of prakashgaba.com likes Infosys with a target of Rs 1125 and recommends buying ICICI Bank with a target of Rs 259.

December 17, 2015 / 12:42 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "Infosys certainly is looking good and I like the way it moved up for last five trading sessions. Looks like Infosys, the way it is trading can climb to levels closer to around Rs 1,110 -1,125. It can even go to Rs 1,125. I would have a stop loss at the levels of Rs 1,085 and trade long.""I have a buy on ICICI Bank because yesterday the way it moved up, the downside signal failed. Given a breakout as well volumes were higher on ICICI Bank, the target that I have is around Rs 259, may get in today or may be by tomorrow. Stop loss is below Rs 249 on ICICI Bank and it looks good," he said."I like the way Lupin has moved up for last three trading sessions. It did not sustain and has crossed the breakdown point. I think Lupin is climbing to levels close to around Rs 1,860-1,870 zone. I would have a stop loss below Rs 1,800. Trade long, looks good to me from the pharma pack." "Tata Consultancy Services (TCS) has given a breakout. It is a beautiful breakout and indicators have also given a buy. It can climb to levels closer to Rs 2450 and would have a stop loss below Rs 2,390 and trade long.""ACC looks good to me. The way it is trading, looks like it can climb to levels closer to around Rs 1,380 zone, keep a stop loss below Rs 1,351." "Second stock that I like is Federal Bank. It is certainly looking good to me. Basically the target on Federal Bank is somewhere closer to around Rs 57 or so with stop loss below Rs 54."

first published: Dec 17, 2015 09:56 am

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