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Last Updated : May 15, 2017 02:44 PM IST | Source: CNBC-TV18

Buy L&T Finance, Max Financial, JK Tyre: Ashwani Gujral

Ashwani Gujral of suggests buying L&T Finance, Max Financial and JK Tyre.

Ashwani Gujral of told CNBC-TV18, "Piramal Enterprises has had a vertical rally right from Rs 1,900. Now, it is difficult to recommend this sort of a stock. Obviously a strategy is that at some point it will move sideways and that is the time to enter the stock. However, definitely people are taking big bets on this, so, wait for a bad day, some consolidation, etc. and that should be a good entry point; this is not a good entry point."

"As far as market is concerned, the corporate lenders are back, so State Bank of India (SBI) and other PSU banks are performing well today. Also the NBFCs which had a terrible week last week, they are kind of recovering. So, given that L&T Finance is a buy with a stop loss of Rs 128 and target of Rs 140," he said.

"Max Financial is a buy with a stop loss of Rs 655 and target of Rs 680. JK Tyre is a buy with a stop loss of Rs 166 and target of Rs 180.90."

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First Published on May 15, 2017 02:28 pm
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