Moneycontrol
Jan 11, 2017 11:00 AM IST | Source: CNBC-TV18

Axis Bank to underperform: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that Axis Bank is likely to underperform in the private bank rally.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Given that banks are looking strong, probably you should ignore Axis Bank, but yes definitely somebody is selling into Axis each time it goes up."

"I would much rather look at banks which are moving higher rather than Axis; Axis Bank is likely to underperform in the private bank rally," he said.

"JSW Steel s a buy with a stop loss of Rs 183 and target of Rs 197. Hindalco Industries is a buy with a stop of Rs 167 target of Rs 175 and Tata Steel is a buy with a stop of Rs 442 target of Rs 465."

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