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Buy BOI, JK Tyre, Union Bank, HUL, Bajaj Finance, Bajaj Finserv: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Bank of India, JK Tyre, Union Bank of India, Hindustan Unilever, Bajaj Finance and Bajaj Finserv.

May 17, 2017 / 09:56 AM IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Steel, what I have heard is that they have had good results and today globally things are kind of weak. So, you may not get the kind of response you would have got normally. However, I think steel is doing much better than other metals and possibly we should get back to higher levels of Rs 480-485. So, I think Tata Steel is a stronger metal stock than others."

"However, I think the sector of the day could still be PSU banks because the PSU index has broken out very sharply yesterday and some amount of continuation is there."

"Bank of India is a buy with a stop loss of Rs 183 and target of Rs 196. I am going with stocks which have not come out with results because that is where some amount of juice may be left."

"JK Tyre made a very large bar. It first made a low of the day and then closed at the highs of the day. That is a very strong signal that buying came in even on bad results. This is a buy with a stop loss of Rs 172 and target of Rs 184," he said.

"Union Bank of India is a buy with a stop loss of Rs 176 and target of Rs 190. Granules India moved sharply. That is a buy with a stop loss of Rs 147 and target of Rs 160."

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"Hindustan Unilever (HUL) is a unique FMCG stock that continues to move up. So, that is a buy with a stop loss of Rs 990 and target of Rs 1,025."

"Bajaj Finance and Bajaj Finserv have been constant rallying, so, definitely you should buy them. I think if the numbers are decent, Bajaj Finance could end fairly close to Rs 1,450-1,500. Similarly, Bajaj Finserv is coming out of a correction. Again, Rs 4,650-4,700 is easily possible. All of these NBFCs have gone through corrections and now are showing upside. So, you can buy both these stocks before the numbers," he added.
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