Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Dewan Housing Finance Corporation (DHFL) is a buy with a stop loss of Rs 353, target of Rs 368. Amara Raja Batteries is also a buy with a stop loss of Rs 860, target of Rs 885."
"Bharat Petroleum Corporation (BPCL) is a buy with a stop loss of Rs 638, target of Rs 665."
"There should be no doubt that these stocks are in a downtrend. But, maybe this is now getting priced in. once that happens, you can have a pull-back which lasts 3-5 sessions and maybe if you are a very long-term investor. You believe that this is a time of maximum pain and if things get better, you could probably see Rs 2,950-3,000 on Dr Reddy's Laboratories. Or probably again, 15-20 percent higher on Divis Laboratories."
"So, only those sort of investors should buy. Intraday traders from the lows, there has been a sharp rally and probably that rally could continue for a couple of days, but longer-term investors need to understand that the problems are there and they will take time in getting solved."
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