Buy Tata Communications; sell BHEL, PC Jeweller, SREI Infrastructure: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Communications is a buy with a stop loss of Rs 700 and target of Rs 735. PC Jeweller is a sell with a stop loss of Rs 347 and target of Rs 330. SREI Infrastructure is a sell with a stop loss of Rs 112 and target of Rs 104."

"It is a longer term positive for BHEL. Today’s rally should be used by people to sell into the stock  because it is rallying into 200-day moving average. Those orders are not coming tomorrow. Often there is excitement with these things but if orders are two years away, I don’t think the stock will continue to run up in anticipation. So, this is a nice bump up you have to exit out of BHEL," he said.

At 14:58 hrs Bharat Heavy Electricals was quoting at Rs 137.40, up Rs 4.85, or 3.66 percent. It has touched an intraday high of Rs 145.80 and an intraday low of Rs 132.25.