Moneycontrol
Oct 19, 2016 12:25 PM IST | Source: CNBC-TV18

Buy GNFC, Century Textiles, Bajaj Auto; sell Petronet: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy GNFC, Century Textiles, Bajaj Auto and Hero MotoCorp and sell Petronet LNG.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is a buy with a stop loss of Rs 214 and target of Rs 230. Century Textiles is a buy with a stop loss of Rs 950 and target of Rs 975."

"Petronet LNG seems to have made a intermediate top, so that is a sell with a stop loss of Rs 400 and target of Rs 375," he said.

"Bajaj Auto and Hero MotoCorp have gone through decent corrections, so this is a good time to add on both these stocks to your portfolio. Similarly, auto ancillaries like Sundram Fasteners, the midcap stocks like Motherson Sumi or Bharat Forge, these stocks have all corrected in the last correction and now along with Maruti Suzuki all of these stocks look very strong."

"Strongest two wheeler is probably TVS Motor but in India as long as the bull market continues, auto tends to outperform. So, on all dips these auto stocks are buys."

Sections
Follow us on
Available On