Buy Adani Enterprises; sell Voltas, Bank of India: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Adani Enterprises is a buy with a stop loss of Rs 138, target of Rs 146. Voltas is a sell with a stop loss of Rs 494, target of Rs 470. Bank of India is a sell with a stop loss of Rs 156, target of Rs 144."
"In Axis Bank, today this 3 percent move has crossed a lot of price action on the left. So chances are it should breakout. If it can get helped by some amount of news, that is even better. But I would think from here, Axis Bank should be bought on declines and a target of Rs 600 is quite likely," he added.
"Non-banking finance companies (NBFC), everyday a new NBFC starts a rally. Today, L&T Finance Holdings has started out but overall in Capital First, now Rs 700-720 strong support and possibly, it should have about a 100 points move from here."
"Indiabulls Housing Finance had completed a 3-4 weeks type correction and now, housing is looking positive because Dewan Housing Finance Corporation (DHFL), Can Fin Homes, etc. - the entire group is high. So, Indiabulls Housing could get up to Rs 1,300 from here."
"Given that there is no open offer, you are not really seeing a very poor reaction. So my sense is that on declines, Hindustan Petroleum Corporation (HPCL) remains a buy. Obviously open offer, etc. would have driven it much faster, but with a Rs 350 type of a stop loss, it can still look for upside, because it has completed its correction. All oil marketing companies have really gone through their corrections. So maybe in times to come, you will see Rs 430-450. But not because of the event,"  he added.