Buy BEML, Ujjivan Financial Services may test Rs 420: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Interglobe Aviation looks to be a bit more stronger. However, overall, these are not stocks which are incrementally gaining a whole lot, so, this is not in my trading list. While you can at best call them sideways, buy Jet Airways towards Rs 500 and generally you get a 70-80 points move. Similarly on Interglobe Aviation, any sort of 50 points decline from here should be used to buy. However, no strong trend on either of these."

"Reliance Defence is nothing type of stock, just kind of sideways. However, BEML is the one which is in a stronger uptrend and basically a lot of PSU action we have seen. So out there you can probably buy with a stop loss say around Rs 1,700-1,720 and then expect higher levels. So, BEML is the one you buy in terms of a defence story, etc."

"Ujjivan Financial has bottomed out. So definitely now it is probably trading above its 200-day moving average. So, that way you could continue on yesterday’s trade. However, I think Rs 415-420 will happen at some point on Ujjivan."