Moneycontrol
Feb 16, 2017 01:12 PM IST | Source: CNBC-TV18

Buy Maruti Suzuki, India Cements: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Maruti Suzuki and India Cements while on declines one can buy GAIL India.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Maruti Suzuki corrected quite a bit. It is a buy with a stop loss of Rs 5,900, target of Rs 6,050. India Cements looks extremely strong, this is a buy with a stop loss of Rs 153, target of Rs 167. Havells India is also a buy with a stop loss of Rs 420, target of Rs 455."

"Indraprastha Gas (IGL) and GAIL India are the stocks you keep buying on declines. Even within the overall commodity space, gas is the strongest sector. So maybe not today but on corrections, GAIL is a fairly a decent buy," he said.

"Sintex Industries has been moving sideways between Rs 70 and Rs 90. So, maybe you can get Rs 110 on a good day but it is not my favourite stock. I would much rather get into India Cements or L&T Finance Holdings in the similar price range."

"One bad day, one good day, so it is range bound; Rs 130 to about Rs 160 is the range."

"Oil marketing has gone through a strong correction and has now reversed. We will have to see whether similar amount of buying comes back. So, this is a point that you buy, put a stop loss under today’s low and see if fresh highs are made. If they are not then chances are these stocks are turning but as of right now below their 20-day moving average, this is a zone to get into even oil marketing."
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