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Mar 21, 2017 11:09 AM IST | Source: CNBC-TV18

Buy Asian Paints on all dips; Aurobindo Pharma may test Rs 850: Ashwani Gujral

According to Ashwani Gujral of, one can buy Asian Paints on all dips while he feels that Aurobindo Pharma may test Rs 850.

Ashwani Gujral of told CNBC-TV18, "Yesterday all of the logistic stocks moved higher but how sustainable these moves are that needs to be seen. Possibly, you can get Rs 205-210 on Allcargo Logistics, but I don’t think much more, they are not in any kind of strong uptrend, they are basically choppy, range bound type of stocks." 

"Asian Paints is evergreen style stock and demonetisation gave you a nice dip, so for long-term style stock, chances are it will go even higher. So use all dips to buy into this," he said.

"Aurobindo Pharma is coming out of a large consolidation correction that it went into and from here I think I won’t be surprised if it gets past even Rs 800; Rs 800-850 could be a target."
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