Buy Tata Global, Hindustan Zinc; PC Jeweller, Titan should rally further: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "What is important to see in Tata Global Beverage is that it is expanding now on a larger timeframe. So chances are that the monthly timeframe is expanding because the level it has crossed was hit last in 2013. Since that time, it has been fairly range bound. So my sense is that Tata Global will surprise people and it will surprise in a manner that Indiabulls Real Estate surprised when it moved up from Rs 80-100. So, I would chase it even here. The stop losses are fairly clear, Rs 170 thereabouts and I would not be surprised if you do Rs 250-260 in a short order of time."

"Like demonetisation, consumption suffered and then it came back. I think all of these consumer stocks suffered in Good and Service Tax (GST) and now something is changing and again very similar to Tata Global Beverages, this is expanding now on a different timeframe. So my sense is that Titan Company and PC Jeweller should see a further rally. I would not be surprised if you get Rs 420-450 on PC Jeweller," he said.

"Since zinc prices are going up and Hindustan Zinc has gone through a big decline earlier in the year, I think out there is the best opportunity, but Tata Steel and Vedanta are doing well. Once global markets do well, metal prices often tend to come back."

"The correction had some trigger were some merger did not really work out. So, Rs 430 is now fairly close stop on ICICI Prudential Life Insurance, so, Rs 425-430 needs to sustain. I think in the days to come it will probably get back towards Rs 500."