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Buy Eicher Motors, Hindustan Unilever, DLF: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Eicher Motors, Hindustan Unilever and DLF.

May 23, 2017 / 02:48 PM IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I would like to buy into Eicher Motors with a stop loss of Rs 27,400 and target of Rs 28,200. Hindustan Unilever is a buy with a stop loss of Rs 1,020 and target of Rs 1,045. DLF is a buy with a stop loss of Rs 192 and target of Rs 206."

"I would prefer Eicher Motors over Maruti Suzuki because Eicher has had a strong correction and now it is coming back from lower levels. Although Maruti was a call earlier, but definitely autos are looking strong," he said.

"If you are buying State Bank of India (SBI) from a one year point of view, at some point things start to happen and it moves higher. That way it is a fairly decent buy. PSU banks overall have come off, but if you are buying it for the next couple of weeks expecting some action, that may not be likely."

"ITC has had lots of good news. When you get good news, you should lighten up positions. Now ITC needs to probably consolidate. It will continue to outperform, but maybe today is not a good day to buy. Today you should buy stocks like these auto stocks, maybe an ICICI Bank which has not fallen at all in this Bank Nifty correction. HDFC which has come off a bit, Can Fin Homes which is turning around from lower levels, PVR which has got nothing to do with banks. Those are the kind of stocks you need to get into," he added.
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