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Last Updated : Jan 01, 2018 12:49 PM IST | Source: CNBC-TV18

Buy PC Jeweller, IGL, Glenmark Pharma, Godrej Properties, Chambal Fertilisers: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying IGL, Godrej Properties and Chambal Fertilisers.

CNBC TV18 @moneycontrolcom

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "PC Jeweller is a buy with a stop loss of Rs 460 and target of Rs 495. Glenmark Pharma is a buy with a stop loss of Rs 595 and target of Rs 620. Bata India is a buy with a stop loss of Rs 750 and target of Rs 785."

"Midcap stocks are doing well and that should remain the theme of the day. So IGL is a buy with a stop loss of Rs 338 and target of Rs 354.  Godrej Properties is a buy with a stop loss of Rs 700 and target of Rs 735. Chambal Fertilisers is a buy with a stop loss of Rs 153 and target of Rs 168."

"Graphite India is a commodity stock, and it is running up because there have been certain shut downs. You have to be very careful to keep a close eye on when China opens up all this Graphite Electro business because these stocks are seeing this sort of movements because of that event."

"Commodities by their very nature can go up 10 times and then lose 90 percent of their value. So, keep Rs 600 type of stop loss and maybe look at Rs 950 but I would look at new flow much more carefully because this is not at Rs 100 where it was probably earlier. So, always keep an eye on whether things are changing."
First Published on Jan 1, 2018 12:21 pm
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