Buy Natco Pharma, Aurobindo Pharma, Ajanta Pharma: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "For the momentum, Natco Pharma is showing a fresh breakout. It is a buy with a stop loss of Rs 985 for target of Rs 1,040. Aurobindo Pharma is a buy with a stop loss of Rs 780 for target of Rs 835. Ajanta Pharma is a buy with a stop loss of Rs 790 and target of Rs 820."

"Future Lifestyle is now getting into some kind of consolidation and finding it difficult to move forward after having moved a lot. My sense is that basically Rs 340-380 is type of range. I don’t see fresh a breakout immediately. Possibly all of these stocks needs to move sideways before they move forward," he said.

At 11:58 hrs Ajanta Pharma was quoting at Rs 1,236.70, up Rs 27.80, or 2.30 percent. It has touched an intraday high of Rs 1,267.80 and an intraday low of Rs 1,210.00.