Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Avenue Supermarts will touch 4-figures at some point, chances are that is coming. So out of all of your stocks, Avenue Supermarts continues to run and probably will see four figures soon. Others GVK etc, I am not too positive on although on the back of Jaiprakash Associates' move, a lot of these cats and dogs will start running but they are not my style."
"Adani Transmission is breaking out of a very narrow range for several days, this is a buy with a stop of Rs 127, target of Rs 135."
"Overall if you are a longer-term investor, Reliance Industries can still be bought. On an intraday basis, any dip inside the Friday’s bar should be used to buy," he said.
"SREI Infra is down 5 percent for some reason and given that it had a large rally, that could show follow through on the downside. Meanwhile, JP Associates, Adani Transmission, all these two digit stocks seems to be the two digit theme for the day. So that is where money should be made. So get into all of these debted companies and chances are they will move 15-20 percent."
"Allahabad Bank is a buy with a stop of Rs 72, target of Rs 84. IIFL Holdings is also a buy with a stop of Rs 598, target of Rs 630 and Bata India is a buy with a stop of Rs 585, target of Rs 610."
"In Yes Bank, I won't be surprised if the results take it back to about Rs 1,750 or whatever the last high was. When things drop to Rs 1,400 based on news, etc. who are the people who buy, the mutual funds, the managements etc and who is going to buy on good results, chances are retail. So that is when you buy good stocks when they are under the weather because of some reason, which could be temporary. So do not buy if results are good."
"ITC has bottomed out. How much is the price hike etc, that is all semantics but I do not think it will go below Rs 275 and I think slowly it will start moving on from even these levels and you will see levels of Rs 315-320 on ITC soon," he added.
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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