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Apr 12, 2017 02:05 PM IST | Source: CNBC-TV18

Buy Can Fin Homes, HDFC Bank; sell Sun Pharmaceutical Industries: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Can Fin Homes and HDFC Bank and sell Sun Pharmaceutical Industries.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Can Fin Homes has made a fairly strong move, it was doing a narrow range for last few days, so that is a buy with a stop loss of Rs 2,480 and target of Rs 2,600. HDFC Bank, in spite of Bank Nifty coming down didn’t correct and is making highs of the session. That is a buy with a stop loss of Rs 1,430 for target of Rs 1,465. Sun Pharmaceutical Industries is a sell with a stop loss of Rs 670 and target of Rs 640."

"United Spirits is very close to the previous low that it made around Rs 1,750-1,800. Now there is a business problem which can get solved. Okay your plant got fire and you can fix these things, but if you are not allowed to sell the product somewhere that takes time in fixing, that will probably need a new government or something else to change. So, this is not really a business problem or a cyclical downturn. They are breaking the back of these companies so, I don’t think this is the kind of problem you want to buy into."

"Dish TV has often been range bound between say Rs 80 to about Rs 120, so if you want to buy you have to buy closer to Rs 80. It is a utility stock, most utility stocks tend to move sideways, so nothing surprising about that."

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