Buy Britannia, Petronet LNG, Vedanta, Coromandel Intl, TVS Motor: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "We have often seen that these buybacks, etc. don’t tend to work out more than a couple of days. Infosys in my opinion is basically range bound, Rs 900-1,100. So maybe you will head towards the higher end of the range. So, that should be it; nobody should buy it because a buyback is coming because of some of that probably was priced in in this rally from Rs 900 to Rs 980. So, I would think maybe Rs 1,020-1030 should be the extent of the rally because of this."

"Britannia Industries started a fresh move. So, that is a buy with a stop loss of Rs 4,250 and target of Rs 4,425. Petronet LNG had a strong move. It is likely to make fresh highs. That is a buy with a stop loss of Rs 224 and target of Rs 239," he said.

"Vedanta is also a buy with a stop loss of Rs 292 and target of Rs 309. Coromandel International is a buy with a stop loss of Rs 445 and target of Rs 470. TVS Motor Company is a buy with a stop loss of Rs 580 and target of Rs 605," he added.

"BEML had a down day yesterday. Today again it is beginning to move up. Not only BEML, also BEL, so maybe there is some defence related play. So BEML is a buy with a stop loss of Rs 1,820 and target of Rs 1,900."