Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Even in January Venky’s was probably half the price. So I think it has had the vertical run for the last four-five sessions. So now the problem is that often people will get in after the stock is highlighted repeatedly. This is not the time to get in in fact if somebody got in around Rs 500-600 where it hung around for a while, this could be a time to take some off because in last four-five sessions moved up Rs 100 but for long-term it looks good given the way meat eating habits are moving in this country. I think chicken will remain possibly the only option. So I think there is more to go. Plus Avanti Feeds is doing very well on the back of this. So in agri, dairy, kind of space, this is a very good bet."
"I would expect Rs 1,250-1,300 on Lupin. Once the stock starts to turn, possibly there will be some good news, some approval, etc. and given the number of people who are short here, chances are you could easily have a 20-25 percent rally from here," he said.
"Often upside starts with some sort of an upgrade or some news. So if Punjab National Bank (PNB) opens up gap up, you should buy it because given the declines it has had, again the one bar rule yesterday’s lows or stop, you can easily have 10-15 percent type rally and possibly given that banks are at the threshold of a breakout, PSU banks would also see some upside. So, today is definitely a buy on PNB."
"Lupin is a different case, it is hammered and just a pullback can lead to 20 percent rally. Aurobindo Pharma, Cadila Healthcare, etc are different cases. They have already been in some sort of an uptrend possibly outperformers in the pharma space and can have more upside because pharma also looks like it will have upside as the market goes past 9,700."
"Midcap realty, Sobha and Kolte-Patil are having a fairly decent day. So the idea should be to get long on banks and midcap real estate for the day. Banks could outperform for the next couple of days."
"ITC is also moving into the green. Piramal Enterprises is a buy with a stop of Rs 2,840, target of Rs 3,000. PNB is a buy with a stop of Rs 138, target of Rs 150 and Bajaj Finance is a buy with a stop of Rs 1,390, target of Rs 1,440."
"Sobha has opened higher but I would like it to trade above today’s high otherwise a lot of these 5-6 percent moves tend to peter out but overall Sobha is a buy with a stop of Rs 375 and portfolio type stock possibly look for targets of Rs 500."
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