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Last Updated : Sep 08, 2017 09:50 AM IST | Source: CNBC-TV18

Buy Central Bank, Motilal Oswal, Raymond, V-Guard, EID Parry: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Central Bank of India, Motilal Oswal, Raymond, V-Guard Industries and EID Parry.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "People should have Bajaj Finance and Bajaj Finserv. If you are planning to buy them after they have gone up three times, they have gone up 10 percent over the last two days, that is not a way of buying anything whether it is outperforming or underperforming, you have to now wait for a bit of a decline before fresh entry happens but for people who have them."

"They are the next HDFC twins now that HDFC twins have become old, this is the young blood, so maybe some money may move even from those stocks to these stocks. So now they are becoming mainstream adding to indices etc. So the best is still to happen but again buying right now may not be the best place to buy because you may go under water in any sort of correction," he said.

"Central Bank of India, around Rs 80, has shown very strong movement and this is one of the banks which is doing extremely well. So this is a buy with a stop loss of Rs 98, look for target of Rs 110. Motilal Oswal is completing its correction and moving higher slowly. That is a buy with a stop loss of Rs 1,230 for target of Rs 1,300. Raymond is a buy with a stop loss of Rs 880 target of Rs 920," he added.

"V-Guard Industries has completed its entire correction and that is a buy with a stop loss of Rs 195, target of Rs 210. EID Parry is also pushing upwards, that is a buy with a stop loss of Rs 335 for target of Rs 360."
First Published on Sep 8, 2017 09:50 am