Oct 17, 2016 10:46 AM IST | Source: CNBC-TV18

Sell Bajaj Auto, Bata, CESC; buy IOC, L&T Finance: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can sell Bajaj Auto, Bata India and CESC and buy IOC and L&T Finance Holdings.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Fast-moving consumer goods (FMCG) and auto stocks are slowly weakening a bit. Bajaj Auto is in a correction, so maybe at lower levels it is buy, but for the day, it is a sell with a stop loss of Rs 2,850, target of Rs 2,700."

"FMCG is really taking a hammering, so Bata India is a sell with a stop loss of Rs 492, target of Rs 460. CESC is also a sell with a stop loss of Rs 610, target of Rs 580," he said.

"Because of the price hike, Indian Oil Corporation (IOC) is a buy with a stop loss of Rs 637, target of Rs 660 and L&T Finance Holdings is also a buy with a stop loss of Rs 95, target of Rs 108."

"Dewan Housing Finance Corporation for the day is a buy with a stop loss of Rs 300, target of Rs 321." 

"Kotak Mahindra Bank is a sell with a stop loss of Rs 780, target of Rs 745."

"Ceat is a sell with a stop loss of Rs 1,360, target of Rs 1,320."

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