Feb 15, 2017 03:56 PM IST | Source: CNBC-TV18

Prefer Yes Bank, Bajaj Finserv: Ashwani Gujral

Ashwani Gujral of is of the view that one may prefer Yes Bank and Bajaj Finserv.

Ashwani Gujral of told CNBC-TV18, "Given that market is not doing too well, even good numbers are not really getting rewarded. So, this is not really 8,000-8,100 where market is lapping up good news and overall there are many stocks which are trading at new highs."

"So, I would be wary of something which is not doing that. May be Voltas can have a 5-7 percent rally, but I would much rather buy into say Yes Bank or Bajaj Finserv where already new highs have been made. Voltas tends to collapse fairly easily and I don’t think even good results could really result in a huge rally," he said.

"HDIL is a sell with a stop loss of Rs 70 and target of Rs 58. PC Jeweller is also a sell with a stop loss of Rs 365 and target of Rs 348." 

"Adani Enterprises which had a large move some days ago, is today showing follow through. So, that is a buy with a stop loss of Rs 90 and target of Rs 101." 

"At the beginning of the year I had said metals, gas, all of these minerals will do well. So, IGL, Mahanagar Gas, all of these stocks, people who are kind of trend followers or portfolio type investors, I think these stocks will make many fresh highs. So, on all declines they should be bought."

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