Buy IndusInd Bank, Bajaj Finance, Britannia; stay with DHFL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "You can get long on IndusInd Bank. That is a buy with a stop loss of Rs 1,495 and target of Rs 1,550. Bajaj Finance is making new highs. That is a buy with a stop loss of Rs 1,400 and target of Rs 1,475. Britannia Industries is kind of turning. This is a buy with a stop loss of Rs 3,540 and target of Rs 3,680."

"Idea Cellular possibly have all problems that you can think for a business – hyper competition, bad balance sheet. So, these stocks will move off and on because of short positions, etc. However, I don’t think this is the kind of stock that people want to get into."

"I pay a lot of attention to being in the right stock which means it should be a leader of the current bull market. Housing finance is the leader of the bull market and hence one can see the kind of gains one is making. Just stay in Dewan Housing Finance, Rs 430-435 keep that sort of stock and next target should be Rs 500 and possibly it will go much higher," he said.

"My view is that by holding something it will become profitable, I don’t agree with that. I want my stock to be profitable the minute I buy it. So, IDFC Bank is not participating in this current bull market. You could have Motilal Oswal, Bajaj Finance and Can Fin Homes. That will serve you much better rather than holding on to this large position at Rs 79 and watching your stock go down."

"The key to making money is to add onto winning trades. So, if we as Rs 595 here, maybe he can add on a couple of 100 as Asian Paints declines a bit and then possibly ride the next up move. So, whenever you start making money, make sure that you have enough quantity that it changes your life. For the moment Rs 1,050 type of stop loss and next target could be closer to Rs 1,400."