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Last Updated : Jan 05, 2018 02:37 PM IST | Source: CNBC-TV18

Buy RBL Bank, Adani Ports; sell SREI Infrastructure: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy RBL Bank and Adani Ports and can sell SREI Infrastructure.

CNBC TV18 @moneycontrolcom

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "RBL Bank is a buy with a stop loss of Rs 530 and target of Rs 550. Adani Ports is a buy with a stop loss of Rs 420 and target of Rs 436. SREI Infrastructure is a sell with a stop loss of Rs 102 and target of Rs 94."

"UPL has gone through a large correction from Rs 900 right up to Rs 680. So my sense is, it is coming out of a correction and all these declines should be bough. At some point once it crosses the 200-day moving average at Rs 800, it should get closer to Rs 880-900."

"It is a buy on decline because it has fairly advanced in its corrective cycle and is now probably bottoming out. Stop loss can be say Rs 740," he said.

"Equitas Holdings is a buy with a stop loss of Rs 150, target of Rs 165. Hindalco Industries is a sell with a stop loss of Rs 281, target of Rs 266. Can Fin Homes is a sell with a stop loss of Rs 475, target of Rs 458."
First Published on Jan 5, 2018 02:30 pm
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