Buy L&T Finance, DHFL, Sundram Fasteners, IGL, BF Utilities, L&T: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "L&T Finance Holdings is a buy with a stop loss of Rs 203 and target of Rs 221. Dewan Housing Finance (DHFL) is a buy with a stop lossof Rs 560 and target of Rs 585. Sundram Fasteners is a buy with a stop loss of Rs 468 and target of Rs 490."

"Indraprastha Gas (IGL) is a buy with a stop loss of Rs 1,420 and target of Rs 1,475. BF Utilities is a buy with a stop loss of Rs 386 and target of Rs 410. Larsen and Toubro (L&T) after a strong rally is probably now getting ready for the next move and I guess Rs 1,350-1,400 will come about. The kind of noises that you hear from the government, that will lead to infrastructure spending, etc. So, maybe infrastructure does a bit of a hope rally."

"As far as Reliance Industries is concerned, I am sure it is heading towards levels of Rs 1,000. It had a sharp rally, it can consolidate here, but overall I think Reliance should be one of the leaders of the move going higher," he said.

"A lot of laggards are moving up. Punjab National Bank (PNB) is a buy with a stop loss of Rs 142 and target of Rs 156. Muthoot Finance is a buy with a stop loss of Rs 500 and target of Rs 535. Rural Electrification Corporation (REC) is a buy with a stop loss of Rs 166 and target of Rs 180."

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