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Last Updated : Oct 10, 2017 03:32 PM IST | Source: CNBC-TV18

Buy Bombay Burmah, Delta Corp, Future Consumer, UPL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Bombay Burmah, Delta Corp, Future Consumer and UPL.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Bombay Burmah is a buy with a stop loss of Rs 1,380, target of Rs 1,420. Delta Corp is a buy with a stop loss of Rs 220, target of Rs 236. Future Consumer is a buy with a stop loss of Rs 64, target of Rs 76."

"Banks have stopped moving significantly. These days, if just ICICI Bank and State Bank of India do not fall a whole lot, that is a big deal. If the banks kind of participate a little bit, then we can get out of this 10,030 type of zone. So that possibility is alive because for the last 2-3 sessions, the weak banks have fallen enough, so now the strong ones are going up. So odds are that the bank Nifty at some point will move higher," he said.

"In UPL, Rs 780-790 is a 200-day moving average. So it corrected up to the 200-day moving average and now is moving higher. So that way, it is a buy and will probably see levels of Rs 880-900 coming in fairly soon."

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"L&T Finance Holdings has completed its correction. Edelweiss Financial Services has done that. Similarly Capital First, Dewan Housing Finance, all these remain in strong bull markets. Now whenever the financials pick up, these stocks generally tend to do well when the markets are moving higher. So, this time around, their performance has not been as good because the Bank Nifty has under performed. But overall they remain in bull markets and will make new highs fairly soon," he added.

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First Published on Oct 10, 2017 03:29 pm
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