HomeNewsBusinessBuy RCF, Sintex Industries; sell Escorts, IRB Infra, VIP Industries: Ashwani Gujral

Buy RCF, Sintex Industries; sell Escorts, IRB Infra, VIP Industries: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Rashtriya Chemicals & Fertilizers and Sintex Industries and advises selling Escorts, IRB Infrastructure and VIP Industries.

July 19, 2017 / 11:42 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "We have both buys and sells. Since I have five, obviously one side will have more candidates. Rashtriya Chemicals & Fertilizers (RCF) is a buy with a stop of Rs 75 and target of Rs 83. Escorts is a sell with a stop of Rs 665 and target of Rs 640."
"IRB Infrastructure is a sell with a stop of Rs 219 and target of Rs 204. VIP Industries is a sell with a stop of Rs 182 and target of Rs 170. Sintex Industries is a buy with a stop of Rs 32 and target of Rs 37," he said.
"Looking at the way Aurobindo Pharma is opening, I think we can change because yesterday’s high on Aurobindo Pharma was Rs 750. Now, it is going to take out yesterday’s high and yesterday was a down day. So, a lot of short will probably get trapped in the stock. So, even if it comes off after this 5 percent gap up, you must just low down to Aurobindo Pharma. Chances are it will do 8-10 percent possibly."
"For Ashok Leyland, now good news is beginning to come in. So, maybe we will still see Rs 125-130. So continue to hold on."

first published: Jul 19, 2017 09:21 am

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