Prakash Gaba

Hold GMR Infrastructure, says Rajesh Tambe of Sunchan Securities

Hold GMR Infrastructure, says Rajesh Tambe of Sunchan SecuritiesRajesh Tambe of Sunchan Securities has suggested investors to hold GMR Infrastructure, during an interview on Business News Channel Zee Business.

Rajesh Tambe has suggested long term target of Rs 100 for the stock.

During the economic slowdown, the stock price of GMR Infrastructure witnessed a free fall to Rs 22 on NSE.


ITC Buy call by Prakash Gaba

ITC Buy call by Prakash GabaTechnical Analyst Prakash Gaba has suggested buy call for ITC with a target of Rs 280. Short term traders can enter the stock at current levels with a stop loss of Rs 240.

During an interview on CNBC Awaaz, Mr. Gaba has suggested strong fundamentals for ITC.

The stock has touched 52-week high of Rs 264.75 today on National Stock Exchange. The stock is currently trading at Rs 262, with a gain of 1 per cent. The stock has gained smartly over its 52-week low of Rs 132.

The stock is trading at P/E of 27 compared to industry average P/E of 29.4.


Buy Ashapura Minechem with target of Rs 60 - 80: Prakash Gaba

AshapuraTechnical Analyst Prakash Gaba has suggested buy call for short term for Ashapura Minechem with target of Rs 60. If markets remain positive, the stock can even go upto Rs 80.

Prakash Gaba has suggested a buy call with stop loss of Rs 41 during an interview on CNBC Awaaz.

The stock is trading 10 per cent higher on NSE at 52.35 with high volume of 3.3 lakh shares on NSE and 85 thousand on BSE. The stock has touched 52-week high and low of Rs 171 and 18.50 on NSE.

The company has market capital of Rs 413 crore at current price and share has book value of Rs 29.8.


Dollex Industries signs MOU with Madhya Pradesh Government

Dollex Industries Ethanol MOU with Madhya Pradesh
Dollex Industries has signed a memorandum of understanding (MOU) with the Madhya Pradesh government to set up an integrated agro-energy complex. Dollex Industries has already signed two MOUs with Maharashtra government. The project will need an investment of Rs 1050 million.

This will be a major project for the company which works in agro-energy sector. The complex will make use of ethanol and sugar for power generation.


India Cements Has Support At Rs 200 - Prakash Gaba

India Cements Ltd.According to technical analyst, Prakash Gaba that India Cements has support at Rs 200. So, it’s better to hold the stock at this time.

Watch the daily movements of the stock and then make your decision.

Gaba told, “India cements is trying to find supports at Rs 200 levels. Structurally it's not a bad chart. It's trying to find support may be it needs a kind of break out or so. But Rs 200-210 is in area perhaps it could bounce from here but wait for its own sweet time to go but not much downside.”


Wait & Watch Idea Cellular For Future Gains, Says Gaba

Idea CellularTechnical Analyst, Prakash Gaba is of the view that one can stay invested in Idea Cellular.

Gaba told, “Idea Cellular has strong support at Rs 120. The structure is not a weak, it’s a positive structure. It has resistance Rs 135. Structurally it can take out the all time high of Rs 135 where does it go from here maybe Rs 156 levels. So structurally it’s a positive stock, there is more upside than downside. I wouldn’t worry just continue to hold and maybe go towards Rs 156.”


Arvind Mills Has Resistance At Rs 60

Arvind MillsTechnical Analyst, Prakash Gaba stated that Arvind Mills has a resistance level of Rs 60.

“Arvind Mills has strong support at Rs 43-44. On the upside strong resistance of around Rs 60 levels, if it goes there its likely to find stiff resistance. If it can go to Rs 51 it can go to around Rs 60 levels and just hold on to it,” Mr. Gaba added.

Arvind Mills has turn into a true Indian multinational company. It is the flagship company of Rs.20 billion (US$ 500 million) Lalbhai Group.


Stay with KEC International: Gaba

KEC International Ltd.According to technical analyst, Prakash Gaba the capitalists should hold KEC International for gains in the coming future.

He said that the coming days are quite hopeful for investors and surely provide good returns.


Technical View on Stocks
Anil ManghnaniRajat BoseVijay BhambwaniAmbareesh BaligaPrakash GabaSudarshan SukhaniAshwani GujralAshu Madan

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