Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The sectors which are leading, realty is again up 1.8 percent, infrastructure is picking up, energy is doing well because of Reliance Industries. So, overall you have to look at non-financial stocks as well because clearly infrastructure is coming back strongly. So, DLF is still a buy with a stop loss of Rs 190 and target of Rs 207."
"If you keep missing the place where the bull market is on then you will be a contrarian investor all your life. So, I would recommend people to participate where the bull market is on, otherwise the next bull market in the sector which is contrarian could be four-five years away. So, Reliance Infrastructure is a buy with a stop loss of Rs 585 and target of Rs 610. Reliance Capital is a buy with a stop loss of Rs 620 and target of Rs 650."
"Biocon is in a bull market of its own and inspite of the sector not doing well, it is doing extraordinarily well. So, that just shows the stock specific kind of strength on Biocon. Possibly it will make new highs, it should be part of your portfolio. You can’t have a one sided portfolio. So, if you have to pick something from pharmaceutical, it could be Biocon, Jubilant Life, all these stocks like Natco Pharma, etc. which are making fresh highs," he said.
"Suzlon Energy, penny stock, really has not delivered in life for all that much. I think there are better infrastructure stocks. Larsen & Toubro at least has 20 percent upside from here, similarly IRB Infrastructure can easily trade at Rs 320-350 type of zones. So, there is much more upside and better stocks."
"Capital goods, a part of the same story and news etc. may not be as positive because the under-ownership is so huge that just that getting corrected. BHEL can easily trade maybe at Rs 225-230 as well. So nobody is saying everything is fixed but all people are saying is that the under ownership, that is getting corrected, capital getting reallocated in hope of capex will lead to fairly large rallies on some of these stocks."
Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com
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