Moneycontrol
Nov 29, 2016 01:22 PM IST | Source: CNBC-TV18

Buy Dewan Housing Finance, Asian Paints: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com advises buying Mahindra & Mahindra Financial Services, Dewan Housing Finance and Asian Paints.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Non-banking financial company (NBFC) remains a theme today. So, Dewan Housing Finance (DHFL) is
a buy with a stoploss of Rs 248, target of Rs 264. Asian Paints has turned around and that is a buy with a stoploss of Rs 948, target of Rs 980. Mahindra & Mahindra Financial Services is a buy with a stoploss of Rs 298, target of Rs 314."

He further added, "Ashok Leyland was in a bear market even earlier. So, if somebody must buy it probably even this is close to some sort of a bottom but it is trading way below its 200-day moving average (DMA). There are enough stocks, these NBFCs, Maruti Suzuki etc, which are also corrected, so probably get into a better stock. Ashok Leyland still remains in some sort of a bearish territory."

"Bharti Airtel - it is still to be debated how much this payment bank etc is going to add to the story but it is ready for a trading rally, could see Rs 355-360. Again better choices in terms of NBFCs. Rates are going to come down etc. Autos will start selling again. So, there is much more comfort than all of these stocks which have been in extended bear markets."

"Eicher Motors definitely is a buy. It is rare that you get it at its 200-DMA. So, anybody who wanted to get in, could not find the right levels, this is a great place to get in. By December 31 you will be able to spend all your cash etc and if the product is good people will buy," he added.

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