Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Adani Ports is a buy with a stop loss of Rs 355 and target of Rs 372. DCB Bank seems to be breaking out all the smaller banks, City Union Bank, etc. That is a buy with a stop loss of Rs 190 and target of Rs 205."
"Bank of Baroda is also a buy with a stop loss of Rs 183 and target of Rs 197. Interglobe Aviation is a sell with a stop loss of Rs 1,110 and target of Rs 1,065," he said.
"Arvind with those poor results is a sell with a stop loss of Rs 412 and target of Rs 395."
"There are better PSU banks and there are better private banks. So, State Bank of India (SBI) and corporate lenders are underperforming unless there is big action on NPA resolution. Things will be difficult to move forward. The level of Rs 320 is probably a very strong level. Once we get past Rs 320-325 that is when real action starts here. That will probably be taken out once some action happens on NPA and then it opens up the doors towards Rs 450. Till that happens, Rs 300-320 has often acted as a strong resistance in the past."
"United Spirits, United Breweries and other liquor stocks have probably bottomed out because they had this prohibition news which really took the bottom out of these stocks and then they have all turned and reversed sharply. That means the worst is really discounted. I think from here Rs 2,400-2,500 can happen on United Spirits. Similarly, maybe Rs 850-900 on United Breweries," he added.
"The way Godfrey Phillips and ITC, probably now expect some sort of rationalisation of taxes because the way these stocks are going up from the day GST has been passed just shows that there is more expected. I think Rs 1,500-1,550 should easily be expected on Godfrey Phillips."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
