Buy Ashok Leyland; Voltas, Whirlpool may rally 20-30%, Astral Poly may hit Rs 750: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Ashok Leyland has declined from about Rs 97-98 to yesterday when macro news was announced. So, I am not looking to sell Ashok Leyland, I am looking to buy it. However, the way Bharat Financial Inclusion has fallen day before yesterday, it looks like it could have further decline. Maybe Rs 750-760 is possible. So, between the two, the one decline that I may want to buy is probably Ashok Leyland."

"Voltas had a fairly strong move yesterday. It can have follow through, this kind of a macro news on a sector often leads to large 20-30 percent type moves. So, I think Voltas probably is heading towards Rs 500. Whirlpool is already moving up; those are portfolio type stocks. However, I would not be surprised if you get a 25-30 percent move before the real summer starts," he said.

"Now that the news is out, I don’t think there is great value in going into logistics now. Let us see how it plays out over the course of next few days because they have not shown great trends; they go up and they come down. I don’t think buying on this sort of news is a good idea."

"The F&O listed stocks are not looking as strong. However, Sobha, Brigade Enterprises, Kolte-Patil, Mahindra Lifespace, all of them have moved up and possibly this is the first move and there will be follow through. Even Godrej Properties, so, all of these stocks look like they could have further upside."

"Astral Poly is breaking out of a two-three year range and chances are we could see Rs 700-750 on this one."