Buy Mahanagar Gas, Natco Pharma, Raymond; prefer Escorts over M&M: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "On a boring day, the interesting stock is Aban Offshore and I believe, even now, it can close at the highs of the day. And the reason for that is that it has news backing it and it has been declining forever. It is so far outstretched that even if it goes up 20 percent from here, I think it will just about come back to equilibrium."

"Mahanagar Gas is a buy with a stop loss of Rs 980, target of Rs 1,020. Natco Pharma is a buy with a stop loss of Rs 985, target of Rs 1,020. Raymond is a buy with a stop loss of Rs 740, target of Rs 765," he added.

"Mahindra and Mahindra (M&M) is a dog with a big name but it cannot run. I still prefer Escorts which has much bigger momentum, all-time new highs, corrected almost to its 200-day moving average. That would give you much better returns than holding on to Mahindra because a lot of people are hanging around this Rs 1,400 type of zones and often, that is what creates problems in the stock moving forward. So a short-term player should be in a stock with a strong uptrend and that happens to be Escorts."

"George Soros says that it does not matter where you bought or sold, it matters how much you had when you were winning. You can easily add on to your position, maybe get a breakeven to about Rs 120 and that would probably serve you much better than holding for a long period of time. So, build your positions in NBCC. So far, it looks good. Next one year at least you could get a target of Rs 300. For the moment, Rs 170 stop loss should work out."

"Bad stocks only make you patient. There is no point being patient with bad stocks and coal is polluting, etc. I do not think it is working out. You need to move on to non-banking finance companies (NBFC). Like I keep saying, in a bull market you have to be with stocks which are making new highs."