Buy Ceat, Godrej Properties, REC, Dewan Housing Finance, Can Fin Homes: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I have been suggesting real estate for many weeks now and now they are tending to get strong momentum like what we saw with Godrej Properties yesterday. So, these where people need to be in, they will go up several 100 percent not just - people get scared when things move up 80-100 percent. That is the first sign of getting into a sector."

"So, Ceat is a buy with a stop loss of Rs 1,580 and target of Rs 1,640. Godrej Properties is a buy with a stop loss of Rs 500 and target of Rs 525. REC had a fresh breakout. That is a buy with a stop loss of Rs 208 and target of Rs 220."

"Dewan Housing Finance (DHFL) is a buy with a stop loss of Rs 440 and target 455. Can Fin Homes is a buy with a stop loss of Rs 2,800 and target of Rs 2,910," he added.

"Microfinance appears to be in some trouble. Sometimes that is a buying opportunity, but in the short run I don’t think these stocks are outperforming. They are in fact breaking their 200-day moving averages. Again, Shriram Transport, truckers are not doing so well, so, chances are their financing companies are not doing well. So, there are spaces which are not doing well, but there are enough consumer finance, housing finance companies that you can buy into."

"The only strategy out there is that you exit microfinance and these trucker finance companies and focus on the rest. The rally will start narrowing and you will probably see that the housing NBFCs will probably start correcting the last. The rallies will be much harder than the other NBFCs. So, that way if you have to choose between three NBFCs, probably you will choose the housing one."