Moneycontrol
Mar 20, 2017 02:17 PM IST | Source: CNBC-TV18

Buy Sundram Fasteners, Jindal Steel & Power, DCB Bank : Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Sundram Fasteners, Jindal Steel & Power and DCB Bank.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Sundram Fasteners is a buy with a stop loss of Rs 376, target of Rs 394. Jindal Steel & Power (JSPL) has had a large rally, metals are bit weak, so that is a sell with a stop loss of Rs 131, target of Rs 120. DCB Bank after a big rally is showing some corrective zone. So that is a sell with a stop loss of Rs 164, target of Rs 152."

"Basically, the newsflow in telecom stocks is over and not only, Idea Cellular, Bharti Airtel, etc - it is not like they will merge and suddenly become very profitable companies. The road ahead is pretty murky. So, today is a good time to get out of telecom stocks, maybe even go short at Idea because I think it will again get back to those Rs 75-80 zones. So, telecom stories for the moment seems over," he added.
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