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Last Updated : Jul 25, 2017 02:53 PM IST | Source: CNBC-TV18

Buy M&M Financial Services, Balrampur Chini, NBCC, Axis Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying M&M Financial Services, Balrampur Chini, NBCC and Axis Bank.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "One interesting stock that I have is M&M Financial Services which had bad results but good price action. It looks like that can get up to Rs 400. So that is one of the top calls."
"Balrampur Chini is a buy with a stop of Rs 156 and target of Rs 168. NBCC is a sell with a stop of Rs 212 and target of Rs 198. Axis Bank is a buy with a stop of Rs 534 and target of Rs 560. It appears the way it has broken out, the way it has acted in the last few days, maybe better news is coming," he added.
"United Spirits is going through a correction. It had a very sharp rally, now trading below its 20-DMA. So out there you should look for reversal to buy into it. A lot of stocks are correcting, so, while a daily move may look sharp, but if the rally has been 40 percent, I think 10 percent can be easily given up."
"For Zee Entertainment, I don’t think the results were very good. So, not very bad reaction, but at some point I think this decline should be used to buy into Zee Entertainment."
"Grasim Industries' 200-day moving average is around Rs 1,000. So, you should keep a stop below Rs 1,000 and look for target of Rs 1,250.""Ashok Leyland is not acting very poorly. So, possibly keep a stop around your break-even Rs 94 and once better news comes in, I would think it will get to Rs 125-130."
First Published on Jul 25, 2017 12:26 pm