Nov 30, 2016 12:15 PM IST | Source: CNBC-TV18

Buy Balkrishna Industries, LIC Housing, Karnataka Bank: Gujral

Ashwani Gujral of is of the vie wthat one can buy Balkrishna Industries, LIC Housing Finance and Karnataka Bank.

Ashwani Gujral of told CNBC-TV18, "Balkrishna Industriesis a buy with a stop loss of Rs 980 and target of Rs 1,025. LIC Housing is also a buy with a stop loss of Rs 550 and target of Rs 585. Karnataka Bank is a buy with a stop loss of Rs 101 and target of Rs 114."

"Everything saw a big correction, so basically just coming back to the mean. Stocks got corrected to that 200-day moving average, so whatever was in an uptrend earlier now tends to come back. Castrol India can get back towards Rs 470-490. Today is a bit of auto ancillary day whether it is batteries or tyres, everything is doing well. So, chances are that NBFCs are having a second good day, so all of these sectors which were good before the correction are again seeing buying," he said.

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