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Like Godrej Cons; Asian Paints may hit Rs 890: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that Asian Paints may test Rs 890 and likes Godrej Consumer Products.

October 09, 2024 / 21:33 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "Looks like it is a reactive up move in Tata Motors DVR. There is some kind of a resistance in the region of around Rs 285. Only if it crosses Rs 285 then we can say its upmove is there. So far it still looks reactive in nature."

"Asian Paints looks okay. I would have a tight stop loss below Rs 867 and possible target on the upside could be in the vicinity of Rs 890. A small move up there but looks like it could go up from here," he said.

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"Godrej Consumer Products is another stock that I like. It has already given a breakout. Possible target on the upside could be in the vicinity of Rs 1,340 and stop loss below Rs 1,280."

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