Buy IndusInd Bank, Raymond, CESC; hold Yes Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "IndusInd Bank is a buy with a stop loss of Rs 1,725 and target of Rs 1,770. Raymond is a buy with a stop loss of Rs 890 and target of Rs 925. CESC is a buy with a stop loss of Rs 1,040 and target of Rs 1,200."

"Dewan Housing Finance (DHFL) clearly is showing good amount of momentum. I would not be surprised if we get to Rs 680-700. Hold on to Yes Bank. Next target here is Rs 2,200. Let me make a wild prophecy that from State Bank of India (SBI) and ICICI Bank, money is coming out and getting into IndusInd Bank and Yes Bank, and two years from now we will talk of these banks in the same breath as ICICI Bank and SBI. So, that is how highly I would rate Yes Bank and IndusInd Bank."

"Right now are the right levels to enter into Bajaj Finance and Larsen & Toubro (L&T). In a bull market I keep hearing this is expensive, that is expensive -- Infosys sold at 100 times earnings in a software bull market. So in a bull market you don’t look at what is where because valuations will expand while frothy markets will happen. So you have to be in the leaders of that bull market. There is no value on being in Sun Pharmaceutical Industries and Lupin because they are not the leaders of this bull market."

"So right now is the time, keep a stop loss, sure things will correct, sometimes it won’t work out, but overall if you see, these could still be multi-baggers from here," he added.