Buy NBCC, Suprajit Engineering, L&T Finance Holdings: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "It is like beating the dead horse. Things are getting worse, they have NPAs, etc. that is all known. However, I think the men from the boys will get separated. The PSU banks which are improving their earnings, asset quality, etc. will get separated out. For the moment you don’t go towards Canara Bank, you go towards Yes Bank, Kotak Mahindra Bank and HDFC Bank, ICICI Bank, those sort of banks. The second rung PSU banks - probably the results will tell you which ones to back."
"NBCC is a buy with a stop of Rs 208 and target of Rs 225. Suprajit Engineering is a buy with a stop of Rs 280 and target of Rs 302. L&T Finance has a fresh breakout. That is a buy with a stop of Rs 150 and target of Rs 164."
"Everybody is going towards renewables, the whole world climate control, this and that, but the way the management of Suzlon Energy has acted in the past, it gives very little confidence. You go and acquire companies much bigger than your size, etc. get into a debt trap. If you can back Suzlon based on renewable environment being good, up to you, but otherwise you have lost more than half of your money and you should be putting some sort of risk management in place. Just saying you are long term does not mean anything. I would move on and probably get into things which are moving higher."
"ITC is probably the right time to buy, but Motherson Sumi, the stock has run up quite a bit. Look for some sort of a tragedy to happen here, a bad quarter, etc. When the stock comes below Rs 300 – that Volkswagen issue that happened, that was once in a lifetime opportunity to buy this kind of a stock. However, right now, given the rally it has had, you can’t buy with that kind of perspective because you don’t have any sort of margin of safety. So, you must wait for the stock to fall in the Rs 260-300 type of band before you buy."