The government has announced the details of the Rs 88,000 crore capital infusion plan for 20 public sector banks. In an interview with CNBC-TV18, Kunal Shah of Edelweiss Financial Services shared his views and outlook on the same.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy UCO bank and Dena Bank and can sell DLF.
Vishal Malkan of malkansview.com recommends buying Zuari Agro Chemicals with a target of Rs 425 and Deepak Fertilisers with a target of Rs 330.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy UCO Bank, Larsen and Toubro and Edelweiss Financial Services.
According to Ashwani Gujral of ashwanigujral.com, one can keep holding Maruti Suzuki as the stock may head to Rs 7500 while he prefers Union Bank of India and Bank of India.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Apollo Hospitals, GAIL India and UCO Bank and advises buying Put Options in Tata Motors while one can sell Apollo Tyres and Praj Industries.
According to Sandeep Wagle of powermywealth.com, one can buy Biocon and UCO Bank and sell Havells India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Canara Bank, Bank of Baroda and UCO Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Hindustan Construction Company, Bajaj Finserv and Torrent Pharma and advises selling Indiabulls Housing and Cairn India.
Stocks expected to gain are Sundram Fast, J&K Bank, Adani Ports, Aptech, PFC, Jubilant Life, Natco Pharma, Nitesh Estates, Globus Spirits and Emco, while stocks expected to be under pressure are Lupin, United Bank, Uco Bank, IOB, JK Tyre, Concor, Patel Integrated, Anuh Pharma, Gokaldas Exports, Kennametal, Indag Rubber, Huhtamaki PPL.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks for the day and talked about the public sector undertaking (PSU) banking space.
Kunal Saraogi of Equityrush advises buying UCO Bank with a target of Rs 43.
Ashu Madan of Religare Securities suggests exiting UCO Bank.
Ashwani Gujral of ashwanigujral.com recommends buying UCO Bank and advises selling Britannia Industries and Bata India.
SP Tulsian, sptulsian.com, shares his views on Glenmark, PSU bank stocks and why he is bearish on NBFC stocks.
Sandeep Wagle of powermywealth.com is of the view that one may sell UCO Bank with a target of Rs 32.
Manoj Murlidharan of Religare Securities is of the view that one can short UCO Bank for target of Rs 32-33.
Ashwani Gujral of ashwanigujral.com recommends buying Indian Overseas Bank, DHFL and Motherson Sumi Systems.
Prakash Gaba of prakashgaba.com recommends buying Axis Bank, Colgate Palmolive and Shriram Transport.
According to Manas Jaiswal of manasjaiswal.com, one may buy HDIL and UCO Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may prefer Punjab National Bank from the PSU banking space.
According to Mayuresh Joshi of Angel Broking, one may hold State Bank of India and prefer ICICI Bank from private banking sector.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bank of Baroda.
Shubham Agarwal of Motilal Oswal Securities is of the view that UCO Bank may test Rs 50 and Andhra Bank may test Rs 75.
Gaurav Ratnaparkhi of Sharekhan suggests buying LIC Housing Finance with a target of Rs 449.