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Mar 16, 2017 04:44 PM IST | Source: CNBC-TV18

Buy L&T Finance Holdings, DHFL, REC, GSFC, Titan, Biocon: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying L&T Finance Holdings, DHFL, REC, GSFC, Titan Company and Biocon.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Lot of non-banking financial companies (NBFCs) did well. So that appears to be the space which could lead this rally. So L&T Finance Holdings is a buy with a stop loss of Rs 117, target of Rs 130. DHFL is also a buy with a stop losss of Rs 338, target of Rs 354. Rural Electrification Corporation (REC) is a buy with a stop loss of Rs 154, target of Rs 166."

"Gujarat State Fertilizers & Chemicals (GSFC) is a buy with a stop loss of Rs 115, target of Rs 127. The way consumption came back, I think finally demonetisation has been buried and a lot of these stocks are likely to do a catch up. So, Titan Company is a buy with a stop loss of Rs 458, target of Rs 480," he said.

"Biocon is the outperformer, so if you have to get into a pharma stock, probably Biocon is the one you should get into. At some point we will see Rs 1,300 here. Sun Pharma has made many attempts to bottom out, probably still the process is on but it tested its 200-day moving average (DMA) overhead yesterday. Maybe a couple of more good days and we can sustain the 200 DMA and then beyond Rs 730, you will see more upside but downside on Sun Pharma is now limited and it is in some sort of an accumulation from where rally will finally come out."

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