Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance, Motilal Oswal, Biocon, Titan Company an Motherson Sumi Systems.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Indiabulls Housing Finance is a buy with a stop loss of Rs 1,240 and target of Rs 1,300. Motilal Oswal is a buy with a stop loss of Rs 1,165 and target of Rs 1,220. Biocon is a buy with a stop loss of Rs 588 and target of Rs 610."
"Mothersom Sumi Systems is a great company to buy. We have just bought it for our long term investors."
"I think Titan Company getting into the Index and given that people are not so sure on other jewellery stocks etc., it should get back towards Rs 950 -970. So again it is a good time to use this correction to get long on Titan," he said.
"Motherson Sumi I believe has bottomed out and that is a big statement to make. So, it is not like it is going to go out of business. These things happen when the stock come down, quality stocks - you buy them. I think this is a buy with a stop loss of Rs 310 and target of Rs 332. Even for longer term it is a buy."