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Buy CONCOR, TVS Motor, Future Consumer; sell Indo Count, BoB: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Container Corporation of India, TVS Motor and Future Consumer and can sell Indo Count Industries and Bank of Baroda.

August 23, 2017 / 09:51 AM IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Container Corporation of India (Concor) is a buy with a stop loss of Rs 1,260 and target of Rs 1,310. TVS Motor is a buy with a stop loss of Rs 576 and target of Rs 610. Future Consumer has again broken out. That is a buy with a stop loss of Rs 40 and target of Rs 52."

"Indo Count Industries is a sell with a stop loss of Rs 104 and target of Rs 92. Bank of Baroda is a sell with a stop loss of Rs 144 and target of Rs 132."

"Apollo Hospitals will again go up and also Fortis Healthcare, the kind of large bar it made yesterday, smacked off some sort of large buying that we know of today, so both these hospital stocks seem to have bottomed out. So that is where the positional traders could get in."

"For Infosys, I don’t think any clarity is coming. Now you have two fractions which are going to fight it out. Anytime we get to Rs 900, you should sell. Chances are it will go lower, but it could have intermediate rallies based on news flow. However, Rs 900 is going to be difficult to cross now on the upside," he said.
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