Moneycontrol
Oct 19, 2016 02:43 PM IST | Source: CNBC-TV18

Buy Edelweiss Financial, JM Financial, Tata Global: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial, JM Financial and Tata Global Beverage.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "NBFC is a very strong theme that has been moving since yesterday. The smaller NBFCs are doing extremely well. Edelweiss Financial is a buy with a stop loss of Rs 120, target of Rs 132. JM Financial is also a buy with a stop loss of Rs 76, target of Rs 88. Tata Global Beverage is a buy with a stop loss of Rs 152, target of Rs 164."

"ITC has corrected quite a bit today because of GST, etc plus the Budget is coming. These are zones around Rs 235-240, if you buy here. Whenever some good news comes in, chances are you will make your 15-20 percent on ITC. So it is getting to zones where a lot of bad news is getting priced in. So maybe around Rs 235-240 is a fairly decent buy level," he said.

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