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Buy Petronet LNG, Adani Enterprises, Tata Sponge: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Petronet LNG, Adani Enterprises and Tata Sponge.

April 17, 2017 / 12:45 PM IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Stocks like Adani Enterprises and Adani Ports, given the kind of negative newsflow that was there, the stocks are gaining."

"Petronet LNG is another one which is now gaining, this is a buy with a stop loss of Rs 428, target of Rs 450. Gas stocks in general are doing well. Adani Enterprises is a buy with a stop loss of Rs 117, target of Rs 124 and Tata Sponge is a buy with a stop loss of Rs 850, target of Rs 875," he said.

"If you want long-term gains, you have to be with NBFCs and outperforming stocks. So, while it had a large rally, now it is correcting so at some point you will make your 5-7 percent by buying it but it is not your stock which you can buy and hold on. It is not a trending stock or a wealth creating type of stock."

"DCB Bank came down and from lower levels, it is now looking at a bit of a rally. It can correct to Rs 155-160 particularly in a market that is correcting but still in a strong trend and at lower levels it should be bought."
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