Buy L&T Finance Holdings, ONGC; sell Muthoot Finance: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy L&T Finance Holdings and Oil and Natural Gas Corporation and sell Muthoot Finance.

May 02, 2017 / 15:35 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "NBFCs have again picked up, particularly the housing NBFCs, so that is something people should look at - Dewan Housing Finance Corporation, LIC Housing Finance and Indiabulls Housing Finance. For the moment, L&T Finance Holdings is a buy with a stop loss of Rs 126, target of Rs 138."

"Oil and Natural Gas Corporation (ONGC) has started a move from its 200-day moving average. That is a buy with a stop loss of Rs 190, target of Rs 202. Microfinance seems to be having a down day, so Muthoot Finance is a sell with a stop loss of Rs 385, target of Rs 368," he said.

first published: May 2, 2017 03:06 pm

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