Jan 12, 2017 03:11 PM IST | Source: CNBC-TV18

Buy Tata Power, Jet Airways, Torrent Power: Ashwani Gujral

Ashwani Gujral of is of the view that one may buy Tata Power, Jet Airways and Torrent Power.

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Ashwani Gujral of told CNBC-TV18, "Torrent Power is a buy with a stoploss of Rs 180, target of Rs 194. Tata Power is a buy with a stoploss of Rs 76, target of Rs 88. And Jet Airways is a buy with a stoploss of Rs 392, target of Rs 415."

He further added, "PSU and infrastructure both are up, so wherever you have both these things available like Power GridNTPC, maybe even Dredging Corporation, all of these stocks are going up. So Power Grid above Rs 200 possibly starts a fresh move towards Rs 235-240."

"Ahead of the results, there is a lot of negativity in IT stocks. Unless IT comes out with even worst news, I would think post news there could be a bit of a relief rally that could happen. So if you must trade IT, buying into Calls would be useful because a lot of negativity seems to be priced in already. Maybe on decent results and decent news, we could have a rally all the way back up to Rs 1,050-1,100 in Infosys."
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