Buy Reliance Industries, HDIL, GSFC: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Industries is a buy with a stop of Rs 1,600 and target of Rs 1,655. HDIL is a buy with a stop of Rs 85 and target of Rs 92. GSFC is a buy with a stop of Rs 130 and target of Rs 142."
"Bharat Financial has completed its downtrend which started from about Rs 880, went all the way down to Rs 650. So, now it is sustaining the 200-day moving average around Rs 750. So, I won’t be surprised if it gets back towards Rs 900. Stocks moving up on bad results is the best signal you can get because that just means that even bad news cannot take a stock lower. Hence everybody who is short tends to cover and that is likely to happen in the Bharat Financial. That has happened even with M&M Financial. There is something else going on here which we don’t understand," he said.