Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Sponge is one of the stronger metal, metal related type of stocks and I think now that it is getting good results as well, you could easily see the four figure mark here, so Rs 1,000 should be expected on Tata Sponge."
"I think since infrastructure, capex etc. is coming back, the second phase is probably beginning, you want to do stocks like Larsen and Toubro (L&T) and also because they are coming out of a big consolidation, L&T went into consolidation in 2007 and since that time it is now beginning to take those highs out. So you could have a big move on this stock maybe to the extent of even Rs 2,800 to Rs 3,000. So it is that kind of a large pattern which is now breaking out. Something like Reliance Industries. So that could happen to L&T. Some more good news and people start factoring in," he said.
"Two stocks which have broken out, SRF looks like it is going to make further headway on the upside and UPL continues to move up strongly. So these are two stocks which at the open seem like they could have more upside."
"Axis Bank has not acted the way it was expected and possibly it needs to get better results to move out of this range. So basically Rs 480-520 seems to be the zone."
"SRF is a buy with a stop loss of Rs 1,790, target of Rs 1,850. Can Fin Home is a buy with a stop loss of Rs 2,560, target of Rs 2,640. PVR is a buy with a stop loss of Rs 1,600, target of Rs 1,665," he added.
"Biocon is a bull market stock and often in bull markets, better and better news keeps coming. So, chances are that the news should be good and you should see a follow-through of the rally we had the other day. So, clearly possibly you should have Rs 1,250-1,300 over a period of time."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
