Ashwani Gujral of ashwanigujral.com recommends buying UPL, Jindal Steel & Power and Eicher Motors.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Some interesting plays are happening right now, they may not be in great uptrends. UPL is a buy with a stop loss of Rs 780 and target of Rs 805."
"In Jindal Steel & Power in the morning there was a big decline and turns around sharply, so even that is qualifying as a buy although it may not be in a great uptrend. So, that is a buy with a stop loss of Rs 262 and target of Rs 278."
"Eicher Motors which is also turning around with Maruti Suzuki. The good news was in Maruti but in Eicher, chances are it should have a good day. That is a buy with a stop loss of Rs 27,000 and target of Rs 28,200."
"Archies has been a stock that has been hanging around for a while. Now just technically you can keep Rs 39 as the stop loss and maybe it can get back to recent highs of Rs 55, so that way you can say maybe it is coming out of the doldrums. Those doldrums end once we start trading above Rs 55-60 which was the recent high, so let us hope like Tata Global, if it comes out it can go towards Rs 100," he added.
"I think Tata Steel is behaving well. JSPL came back from the lows but I think metals are kind of consolidating, they are not showing that kind of trend. I think that space is being taken over by large IT and large banks. I think the kind of activity that we are seeing typically is possibly foreigner activity because they love the large IT companies and the large private sector banks. The rest of the market is fairly lukewarm.""For last three years Tata Motors has done nothing. Now Jaguar is also slowing down etc. So, the news flow isn’t very good. Even the best companies - Eicher Motors and Maruti Suzuki are correcting. So I don't think third rank stocks has too much hopes."