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Buy Reliance Infra, OBC, Reliance Capital: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Reliance Infra, OBC and Reliance Capital.

April 18, 2017 / 15:21 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Infra is a buy with a stop loss of Rs 580, target of Rs 615. OBC is a buy with a stop loss of Rs 153, target of Rs 166 and Reliance Capital is a buy with a stop loss of Rs 625, target of Rs 660."

"There are much better stocks in the pharma space, maybe something like Jubilant Life or Biocon but this seems to have come out of some sort of bottom and maybe in a good market, you can get probably Rs 48 and Rs 50 on Orchid Pharma."

"Bharat Financial Inclusion for the moment, looks like a correction and possibly Rs 730-740 sort of zone has strong support. But again you have better NBFCs, with all this farm loan waiver etc, where this credit culture is going, probably that is the reason these guys are under a bit of rough weather but if you have to buy it, buy it with a stop around Rs 730 thereabouts and at some point, we should expect Rs 880-900.

"Adani Ports you can still buy and possibly look for Rs 365-370 type of zones."

first published: Apr 18, 2017 02:56 pm

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