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Last Updated : Oct 10, 2017 11:20 AM IST | Source: CNBC-TV18

Buy Prestige Estates, MOIL, TVS Motor, Kotak Mahindra Bank, Bata India: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Prestige Estates, MOIL, TVS Motor, Kotak Mahindra Bank and Bata India.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Yesterday’s midcap realty rally could continue. Prestige Estates is a buy with a stop loss of Rs 295 and target of Rs 312. MOIL is a buy with a stop loss of Rs 198 and target of Rs 213. TVS Motor is a buy with a stop loss of Rs 670 and target of Rs 695."

"Kotak Mahindra Bank is a buy with a stop loss of Rs 1,040 and target of Rs 1,075. Bata India is a buy with a stop loss of Rs 750 and target of Rs 785."

"My sense is that SRF has probably bottomed out. Now chances are you will get some amount of retracement if it retraces say to about Rs 1,650-1,670 thereabouts. I think those would be good levels to buy but it has now turned from sell on rally to buy on dip type of stock. So if it retraces towards its 200-day moving average, that is where you should probably try to buy," he added.

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"TVS Electronics had a vertical run. For fresh entries, you need to wait for some sort of decline. So if at some point it comes back to say Rs 300-320, only then you can get into a fresh position. However, clearly the way it is moving, I think it is fairly unsustainable."

"In Biocon, unless you have a 5-8 percent style gap, I don’t think these 1-1.5 percent gaps will sustain.  PVR could back towards Rs 1,550-1,600."

"JSW Steel had a huge metals rally which continues on a daily basis. So out there you should expect Rs 270-275."

"Small protest don’t bother Adani Enterprises. I think Rs 110 is a fairly strong support; it is the 200-day moving average. It is not the stock that I would go for if I have other stocks like PVR, etc. available. So while it is close to support, but I don’t think it quite has the momentum to move higher."
First Published on Oct 10, 2017 11:13 am
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