Technical Analyst Ashwani Gujral has suggested short term buy call for KPIT Cummins Infosystems. The stock can be bought at current market price with a strict stop loss of Rs 120. This is a delivery based call and investors can expect decent returns with stock having a short term target Rs 180.
KPIT Cummins Infosystems was formed by the merger of KPIT and Cummins Infosystems in year 2002. Based on the current results, the stock of KPIT Cummins Infosystems is trading at P/E of 15 and has earnings per share of Rs 8.
KPIT Cummins Infosystems provides IT enabled services. It also offers services that comprehend architectures and chip design/verification.
Technical analyst Ashwani Gujral has suggested that Unitech can be purchased below Rs 428 with a stop loss of Rs 380. This is a delivery based call for a short term target of Rs 550.
Stock analyst Ashwani Gujral is of the view that Tata Steel stock will provide hefty gains in the short run.
So, the investors are suggested not to sell Tata Steel stock before achieving a short term target of Rs 923.
Those who wish to make profit from this stock can purchase it around on declines with a stop loss of Rs 830.
Mr. Gujral also told that investors should not hold this stock for medium or long term as it is very risky to keep it for future. Buy it, make decent profit and sell it. This is the real mantra for this stock. Don’t buy it on upper levels.