Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "For Maruti Suzuki, Hero Moto, Bajaj Auto, the bad news was in the price. They have rallied for two days but the market will be surprised by how people have adapted to these sort of transactions. Nobody bought Maruti car in cash anyway so that was just a sentimental reaction and chances are that it will be better than expected type reaction. So this decline early morning post the numbers gets bought into."
"Indraprastha Gas (IGL) is a buy with a stop loss of Rs 838, target of Rs 860. Engineers India is also a buy with a stop loss of Rs 295, target of Rs 312. HDFC is a buy with a stop loss of Rs 1,260, target of Rs 1,320," he added.