Buy Muthoot Finance, Reliance Industries; sell Yes Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Muthoot Finance is a buy with a stop of Rs 395 and target of Rs 420. Reliance Industries is a buy with a stop loss of Rs 1,350 and target of Rs 1,375. Yes Bank is a sell with a stop loss of Rs 1,490 and target of Rs 1,440."

"Cement and telecom seem to be doing well. Bharti Airtel appears to be breaking out above Rs 375-380. We could get past Rs 400, so, telecom at lower levels is finding support," he said.

"Borosil Glass Works is that sort of stock where you just hold it in your portfolio and hold it for many years. I don’t think it is a great trading stock, but it came out with good numbers, etc. Low volume, very few people get into it, so, liquidity is a risk but often these four digit stocks tend to become five digit and it is a strong brand so it has that mote, etc. that people talk about. So, definitely one that interested parties could keep hanging on to," he added.

"Oracle Financial has had a fairly large bar today. I think you could get follow through here. Particularly on days when IT does very well, this one tends to move up. Also, SRF appears to be showing upside. So, today when banks are not participating, these non-banking F&O stocks are tending to do well. So both these stocks can head on the upside."

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