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Last Updated : Oct 09, 2017 11:41 AM IST | Source: CNBC-TV18

Buy GAIL India, BASF, Bharat Forge, Ashok Leyland, EID Parry: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying GAIL India, BASF, Bharat Forge, Ashok Leyland and EID Parry.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Today Titan Company and PC Jeweller should do well even in a market which is not supposedly opening too well. For Titan, Rs 550 remains a fairly decent stop. We should expect it to get back towards Rs 650."

"Similarly, PC Jeweller has had a bit of a rally but I think it is still off its recent highs. So, I think we should see another 10 percent on PC Jeweller as well."

"GAIL India is a buy with a stop loss of Rs 446 and target of Rs 470. BASF was up 20 percent on Friday, but that is a beginning of a rally. So more upside is here. This is a buy with a stop loss of Rs 1,750 and target of Rs 1,790."

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"Bharat Forge is a buy with a stop loss of Rs 640 and target of Rs 675. Ashok Leyland is a buy with a stop loss of Rs 120 and target of Rs 132. EID Parry is also a buy with a stop loss of Rs 356 and target of Rs 372," he added.

"SRF has not really performed over the last few months. It is again below its 200-day moving average. So I don’t think much is going to come out of this. For the moment I think you have to look at stocks which are on the downside because today will be a bit of a down day. So, Adani Enterprises, Oriental Bank of Commerce (OBC), etc. are also good short positions. Balance them with a couple of these jewellery stocks. I think that should be the trade for the day."

"Tata Chemicals is a buy with a stop loss of Rs 680 and target of Rs 710. Sundram Fasteners is a buy with a stop loss of Rs 460 and target of Rs 485. Godrej Properties is a buy with a stop loss of Rs 640 and target of Rs 675."

"Maybe Rs 770-780 on Tata Steel looks likely. A lot of money seems to be getting into metals fairly quickly."
First Published on Oct 9, 2017 10:11 am
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