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Last Updated : Oct 19, 2017 07:54 PM IST | Source: CNBC-TV18

Buy Chambal Fertilizers, Jaiprakash Associates, Hindustan Copper: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers, Jaiprakash Associates and Hindustan Copper.


Indian benchmark indices, Nifty and the Sensex began Samvat 2074 on a negative note with the Nifty shedding 0.24 percent or 24.70 points while the Sensex was down 67.27 percent, down 0.21 percent.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Medium-term it is important to back structural stories. The structural story is financialisation of savings, etc. so NBFCs will continue to perform year on year 15-20 percent CAGR, maybe not become multi-bagger, etc. but broker dealers are just beginning to rev up.

Metals will continue to be strong because global markets are picking up. I would stay clear of the laggards. So, stay away from the exporters where the rupee could be stronger, so that could have problems. But overall, it appears that the same horses can be bet on even for this year.

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Having seen many Muhurat tradings, somehow two digit stocks tend to do very well. So, fertiliser stocks or Jaiprakash Associates, these sort of stocks do well. So, Chambal Fertilisers and Chemicals is a buy with a stop loss of Rs 142, target of Rs 154. Jaiprakash Associates is a buy with a stop loss of Rs 18, target of Rs 21.

Himachal Futuristic Communications is a buy with a stop loss of Rs 26, target of Rs 31. Hindustan Copper is a buy with a stop loss of Rs 60, target of Rs 69. Future Consumer is a buy with a stop loss of Rs 58, target of Rs 65.

MOIL is also doing a Bharti. So after many years, it is rushing towards its listing price of Rs 285 thereabouts. Once that is taken out, MOIL may become one of the resource stocks that people want to get into. So this is a buy with a stop loss of Rs 240, target of Rs 258.

"Adani Enterprises has again restarted a rally. That is a buy with a stop loss of Rs 120, target of Rs 132. Bears are going to kill ICICI Bank and State Bank of India. Before the results, they will be dead and hammered. So ICICI Bank is sell with a stop loss of Rs 264, target of Rs 250.

I do not think the danger is beyond Rs 13 in GVK Power, so finally, things are happening on these stocks. From a pure trading point of view, GVK Power & Infrastructure is in an uptrend. Probably you can buy it and hold with a stop loss of Rs 11 and maybe in a good market, if something works out, you will get Rs 16-17. But this is not your next week trade, this is a one year type trade where things take time in happening.

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First Published on Oct 19, 2017 06:48 pm
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