Axis Bank to underperform: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that Axis Bank is likely to underperform in the private bank rally.
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Jan 11, 2017, 11.00 AM | Source: CNBC-TV18

Axis Bank to underperform: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that Axis Bank is likely to underperform in the private bank rally.

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Axis Bank to underperform: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that Axis Bank is likely to underperform in the private bank rally.

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Ashwani Gujral (more)

Technical Analyst, ashwanigujral.com | Capital Expertise: Equity - Technical

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Given that banks are looking strong, probably you should ignore Axis Bank , but yes definitely somebody is selling into Axis each time it goes up."

"I would much rather look at banks which are moving higher rather than Axis; Axis Bank is likely to underperform in the private bank rally," he said.

" JSW Steel s a buy with a stop loss of Rs 183 and target of Rs 197. Hindalco Industries is a buy with a stop of Rs 167 target of Rs 175 and Tata Steel is a buy with a stop of Rs 442 target of Rs 465."
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Axis Bank to underperform: Ashwani Gujral
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Price when posted: BSE: Rs. 453.55 NSE: Rs. 453.60

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