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Buy SREI Infra, Escorts, Indiabulls Real Estate; sell Biocon: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy SREI Infrastructure Finance, Escorts and Indiabulls Real Estate and can sell Biocon and Strides Shasun.

May 15, 2017 / 09:34 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "SREI Infrastructure Finance is continuing to move higher post its results. That is a buy with as stop loss of Rs 110 and target of Rs 124."

"Escorts, while the market fell on Friday, moved into a very narrow range. Often if a stock is in an uptrend and you have very narrow day, there is some continuation on the upside. This is a buy with a stop loss of Rs 640, look for target of Rs 670," he said.

"Real estate as we heard is looking strong in spite of market being soft. Indiabulls Real Estate is a buy with a stop loss of Rs 167 and target of Rs 181."

"Pharmaceuticals, even the stronger stocks are now coming under the weather and Biocon is a sell with a stop loss of Rs 1,000 and target of Rs 940."

"Strides Shasun is also a sell with a stop loss of Rs 1,060 and target of Rs 1,000," he added.

first published: May 15, 2017 09:09 am

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