Jan 12, 2017 12:09 PM IST | Source: CNBC-TV18

Buy Edelweiss Financial, ONGC, UPL: Ashwani Gujral

According to Ashwani Gujral of, one may buy Edelweiss Financial, Oil and Natural Gas Corporation and UPL.

Ashwani Gujral of told CNBC-TV18, "These stocks are now becoming utility stocks, so I don’t think you will get too much growth here. Whatever growth will come will come at the expense of pricing, etc. I don't think there is too much downside in Idea Cellular, maybe you will get Rs 65 on a bad day Rs 85 on a good day. Overall, I don’t think these are stocks which will now provide you great amounts of upside." 

"PSU stocks are on steroids and this at all-time high, so once we get past Rs 195-200 zone in Power Grid you are actually looking at Rs 235-240. Often in the past, things have flatted to deceive, etc but as of today you can easily buy it right now Rs 10 type of stop loss and look to play for Rs 235-240. Even NTPC is doing extremely well today," he said. 

"Edelweiss Financial is a buy with a stop loss of Rs 102 target of Rs 110. Oil and Natural Gas Corporation (ONGC) is also picking up, that is a buy with a stop loss of Rs 195 for target of Rs 210. UPL is a buy with a stop loss of Rs 675 for target of Rs 700."
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