Ashwani Gujral of ashwanigujral.com recommends buying Orient Cement, Havells India and Kotak Mahindra Bank.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Orient Cement is a buy with a stop loss of Rs 176 and target of Rs 192. Havells India is a buy with a stop loss of Rs 560 and target of Rs 595. Kotak Mahindra Bank is a buy with a stop loss of Rs 996 and target of Rs 1,040."
"GNA Axles has been moving consistently. Once it crossed its listing high of about Rs 275, it is in a consistent upside, a great portfolio stock. You will see Rs 550-600. I think it should not go below Rs 380-400," he said.
"Today cement stocks have done well, maybe because of affordable housing, etc. So India Cements is a buy with a stop loss of Rs 196 and target of Rs 210."
"Real estate is doing well maybe because of affordable housing. Kolte Patil is a buy with a stop loss of Rs 368 and target of Rs 386. Motilal Oswal is a buy with a stop loss of Rs 1,530 and target of Rs 1,600."
"Although people say corporate lenders, etc. are coming back, but if you ask me, PSU banks are a can of worms. So I would move from Bank of Baroda into Yes Bank which is a much better run bank, corporate lender but gone through a serious correction and now coming back strongly. In case one wants to remain with Bank of Baroda, probably keep a stop loss say around Rs 150 and maybe at some point you could get target of Rs 220.""I don’t know whether JSPL has suddenly become a long term stock, but you can buy the dip and maybe you will get Rs 250. However, don’t get over excited with stocks like JSPL, etc. They can give you sharp run and the corrections can be equally sharp as well."The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .