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Buy Sobha, J Kumar Infra; sell Bharat Electronics, Indraprastha Gas, Tata Communications: Ashwani Gujral

Ashwani Gujral of suggests buying Sobha and J Kumar Infra and advises selling Bharat Electronics, Indraprastha Gas and Tata Communications.

March 23, 2017 / 09:54 AM IST
Ashwani Gujral of told CNBC-TV18, "Sobha is showing a lot of strength. So, that is a buy with a stop loss of Rs 334 and target of Rs 360. J Kumar Infra had a strong action yesterday. So, that is a buy with a stop loss of Rs 258 and target of Rs 272." 

"Erstwhile gainers on the F&O list are looking a little weak. So, Bharat Electronics (BEL) is a sell with a stop loss of Rs 157 and target of Rs 144," he said. 

"Indraprastha Gas (IGL) is now coming off. This is a sell with a stop loss of Rs 1,020 and target of Rs 965. Tata Communications is also a sell with a stop loss of Rs 735 and target of Rs 710." 

"The big selling after two or three days is probably done. I am still a buyer on Avenue Supermarts (D-Mart), so, if you have to play retail that remains your best stock. I think a lot of stocks will offer selling opportunities and these stocks could be amongst them. However, I think the big downside is already done."
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