Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "We saw the junior Nifty Index gaining 1 percent yesterday. So, the smaller stocks are gaining and probably rate cuts have something to do with it because the smaller stocks tend to get impacted more by rate cut. So, that could be the theme of this year that as rates go down further, all of these small companies perform very well."
"Kesoram Industries is a buy with a stop loss of Rs 138 for target of Rs 150. NBCC is also a buy with a stop loss of Rs 263 for target of Rs 278. Escorts is a buy with a stop loss of Rs 330 and target of Rs 352," he said.
"Meanwhile, these oil marketing companies are now beginning to get back to 52-week highs. HPCL is a buy with a stop loss of Rs 474 for target of Rs 500 and Sona Koyo Steering Systems is a buy with a stop loss of Rs 64 for target of Rs 76."