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Mar 17, 2017 02:29 PM IST | Source: CNBC-TV18

Buy Tata Elxsi, TVS Motor Company, Capital First: Ashwani Gujral

According to Ashwani Gujral of, one can buy Tata Elxsi, TVS Motor Company and Capital First.

Ashwani Gujral of told CNBC-TV18, "Tata Elxsi is a buy with a stop loss of Rs 1,490 for target of Rs 1,550. TVS Motor Company is a buy with a stop loss of Rs 435 and target of Rs 460. Capital First is also a buy with a stop loss of Rs 700 and target of Rs 730." 

"DLF is kind of chopping around, I think other reality stocks have done well, Sobha or Sunteck Realty. DLF is kind of Rs 140-160 I think this real estate regulator, once that comes out probably that could be a trigger because all the other stocks are doing extremely well. I don’t think DLF or HDIL is really doing as well. Probably housing finance is the best bet in terms of an indirect play on real estate," he said. 

"Sintex Industries is not a wealth creator or something like Jain Irrigation type of stock. But right now smaller stocks are doing well and possibly we could see Rs 125 -130 if this rally continues." 

"It appears that something is changing in Reliance Capital and corrections from here should be bought into. I believe this correction will be shallower than Rs 400 zone where it went to last time. So, somewhere around say Rs 530-550 if it comes, I think Reliance Capital should be bought. It will probably get towards Rs 687-700 in the next couple of months."
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