Buy Jubilant Life Sciences, JK Lakshmi Cement, Sun TV Network, Torrent Pharma: Ashwani Gujral
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Life Sciences, JK Lakshmi Cement, Sun TV Network and Torrent Pharma.
March 29, 2017 / 10:31 IST
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Jubilant Life Sciences continues to show upside in spite of problems and other pharma stocks. So, this is a buy with a stop loss of Rs 800, target of Rs 835. JK Lakshmi Cement is a buy with a stop loss of Rs 445, target of Rs 470. Sun TV Network is a buy with a stop loss of Rs 775, target of Rs 800. Torrent Pharma is also a buy with a stop loss of Rs 1,430, target of Rs 1,490. Century Textiles and Industries is a buy with a stop loss of Rs 1,035, target of Rs 1,080.""M&M Financial Services has made a strong base breaking out of a 200-day moving average. Whatever happens, chances are that it is heading up to Rs 365-370 kind of levels. If there is no favourable news flow, at any declines towards levels of Rs 300 should allow you to buy on that dip.""This is a NBFC bull market. Reasons will keep happening as we go along and obviously these reasons are there. That is why, all of these stocks look strong but something like Edelweiss Financial which has probably nothing much to do, that also rallied. So across the board, these stocks will rally. Manappuram Finance's next target is closer to Rs 115-120 but all kinds of NBFCs are going to perform as long as this bull market sustains," he said.
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