Buy Edelweiss Financial Services; prefer L&T Finance, Bajaj Finserv: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "We have seen in the past that nothing often comes out of such momentum. So as long as the market remains sideways, maybe shorts will get covered here. However, I won’t buy DLF to ride up to Rs 250. If I want to do that, I would much rather go into L&T Finance Holdings, Bajaj Finserv, etc. because better stocks also moved up. So, within the midcaps I think it is better to choose which spaces you want to get into."
"Edelweiss Financial Services is doing much better than the other broker dealers. So, definitely on all declines you would want to buy it and I think it is just about getting momentum. It could possibly even double from these levels."
"I don’t think Apollo Hospitals has done too much even when the results are good. Basically it is a sideways type of stock, but closer to say Rs 1,100-1,120 or thereabout, it tends to find support. So, if it gets closer to those levels, maybe you can buy. However, upside is often limited, about Rs 1,350, so fairly it is a range bound play," he said.
"Tata Power Company is fairly a similar stock, if it has opened higher and people who bought at lower levels, they should look at booking profits. One day it will breakout, but I don’t think that day would happen till Rs 90-95 is crossed. So, maybe Rs 60-65 is a buying zone, Rs 90-95 is the time to take profit; other than that nothing very useful is happening there."
"The time to buy AU Small Finance will be once it gets past the listing high. This is a decline, everybody who wants to get out probably will be out. So, often these stocks tend to do much better once they go through a dip and then take out the listing high."
"Motherson Sumi Systems, the day of the results  found repeated support at Rs 300. So given that that bad news is finding buying, I think it should head over a period of time towards Rs 400-420."