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Mar 17, 2017 07:48 AM IST |

YES Bank may test Rs 1650, TVS Motor Rs 500: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that YES Bank may hit Rs 1650 while TVS Motor may test 500 and Supreme Industries Rs 1300.

YES Bank may test Rs 1650, TVS Motor Rs 500: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "YES Bank has held on consistently, almost at new highs. So, chances are stocks which are already at new highs will perform even better. So, in YES Bank we are looking for a target of Rs 1,650, not next week, but maybe in the next 1-2 months."

"Similarly, you have something like TVS Motor. Out there, we could expect target of Rs 500," he added.

"Supreme Industries which has broken out last week, maybe infrastructure push, etc. could see target of Rs 1,300. These are all month to two months type targets."

"Reliance Industries has already had a very large move. Now you cannot have a large stock moving from Rs 1,050 to Rs 1,500 in one month. So, possibly some consolidation at Rs 1,300 before it moves on. So, maybe Reliance will also participate sentimentally but it is a little overbought and needs some consolidation before sustained gains," he added.

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.

 
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