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May 08, 2017 03:22 PM IST | Source: CNBC-TV18

Buy DLF, ICICI Prudential, Edelweiss Financial: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying DLF, ICICI Prudential and Edelweiss Financial.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "DLF is a buy with a stop loss of Rs 190, target of Rs 204. ICICI Prudential is having a large move, that is a buy with a stop loss of Rs 400, target of Rs 425. Edelweiss Financial is also a buy with a stop loss of Rs 171, target of Rs 184."

"The themes that I have been speaking about, real estate continues to do well. Plus, non-banking finance companies (NBFC) on all 3-5 day declines are looking to come back. So, those are sectors that you remain with."

"JSW Energy is not in any kind of big uptrend. It keeps doing these 5-6 percent up and down moves, but nothing comes out of them. This is an NBFC bull market as I repeat every day. If you stay with them, you will do well. Infrastructure companies have still a lot of problems to deal with," he added.

"ICICI Bank has had a large rally but definitely it has got out of that Rs 260-290 type of range. So, on all declines and maybe it will decline tomorrow or day after at some point. So, all declines towards Rs 300 should be now bought. Basically, the momentum still clearly remains with the smaller PSU banks and the real estate stocks."

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