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Mar 16, 2017 09:16 PM IST | Source: CNBC-TV18

Sell Bharat Financial Inclusion; buy HDFC, YES Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends selling Bharat Financial Inclusion and advises buying HDFC and YES Bank.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Asian Paints is underperforming sometimes because of demonetisation, sometimes because of other reasons like oil price, etc. but overall I don’t think I would like to get into the stock immediately. I would much prefer stocks which are at fresh highs. Although we could see even Rs 1,140-1,150 even on this stock, it is likely to remain an underperformer."

"Idea Cellular and Bharti Airtel are extremely volatile and the best of the rally may be behind these stocks. So I don’t think today in a gap up you should try to buy them. Once we can start trading above Rs 120 on Idea, maybe a fresh upside is possible but overall not very bullish here."

"Bharat Financial Inclusion is again under pressure, so that is a sell with a stop loss of Rs 830, target of Rs 800. HDFC is a buy with a stop loss of Rs 1,400, target of Rs 1,465. YES Bank is a buy with a stop loss of Rs 1,500, target of Rs 1,565," he said.

 

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