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May 19, 2017 12:19 PM IST | Source: CNBC-TV18

Buy SBI, L&T Finance, Dabur; Capital First may test Rs 1000: Ashwani Gujral

Ashwani Gujral of suggests buying State Bank of India, L&T Finance Holdings and Dabur India while he feels that Capital First may test Rs 1000.

Ashwani Gujral of told CNBC-TV18, "Capital First is now turning around. So, this is the time to get back into that NBFC. So, definitely it looks like we should make fresh highs and by the end of the day if global markets remain supportive I think this rally has legs because FMCG banks, a lot of sectors are participating. Basically all of consumer is showing upside."

"As far as stock calls are concerned, State Bank of India is a buy with a stop of Rs 304 and target of Rs 318. It appears that the results here could also surprise. L&T Finance Holdings is also a buy with a stop loss of Rs 126 and target of Rs 138."

"Dabur India is a buy with a stop loss of Rs 274 and target of Rs 290," he added.

"Capital First, at least a retest of previous highs and it will go probably even higher because one investor is getting out, he is booking his profit, but other investors will come in. You are getting this 10 percent type dip in Capital First after a long time. So, I would think that at some point you will see Rs 1,000 on Capital First from here."

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