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Buy Yes Bank, Titan Company; Motherson Sumi likely to test Rs 420: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank and Titan Company and feels that Motherson Sumi Systems is likely to test Rs 400-420.

September 20, 2017 / 12:05 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Titan Company is a buy with a stop loss of Rs 635 and target of Rs 660. Yes Bank is a buy with a stop loss of Rs 1,855 and target of Rs 1,910."

"Tata Steel was a buy with a stop loss of Rs 670 and target of Rs 715. Now that maybe news is come in, so, possibly you want to let the stock go."

"What is happening in HBL Nife Power Systems is that it has crossed its previous high of about Rs 64-65. Now I think it has opened space right up to Rs 100. Power stock are the kind of stocks which will create wealth, not Tata Power or NTPC. So, if you buy here, keep Rs 5-7 type of stop loss and maybe look for target of Rs 100."

"Motherson Sumi Systems had completed its correction around levels of Rs 300. From here now I think you will again see Rs 400-420. So definitely it is one stock that you don’t sell into."

"For Piramal Enterprises, Rs 2,550-2,600 often is a fairly strong support. It has corrected from those Rs 3,100-3,200 type of levels. So, I think even here fresh buying can be done. If we get past Rs 3,100, I think you could see Rs 3,500-3,600. It is probably becoming an Eicher Motors type stock where 300-400 points decline gets bought into," he said.

"Bharti Airtel and Idea Cellular are hitting highs of the day. So maybe the bad news is not so bad."

first published: Sep 20, 2017 12:04 pm

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