Buy Vedanta, Tata Steel, JSW Steel; Kotak Mahindra Bank likely to hit Rs 1250: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Metals has been clearly doing well. Resources has been on a strong upside. So, Vedanta is a buy with a stop loss of Rs 322 and target of Rs 338. Tata Steel is a buy with a stop loss of Rs 710 and target of Rs 735. JSW Steel is a buy with a stop loss of Rs 250 and target of Rs 275."

"It is obvious that the market is not happy with the merger ratio on IndusInd Bank. So maybe it could get closer to Rs 1,600-1,650 from where the stock bounced back last time. I think Kotak Mahindra Bank is the better stock because it is at fresh highs, nobody is losing money on Kotak Mahindra. So, I think Rs 1,200-1,250 should happen on the stock."

"Granules India has been range bound between Rs 100 and Rs 150-155. So it is heading to the higher end of the range. It is generally a good buy each time it gets to Rs 100-110. However, no way can you say that it is in a great uptrend or it is going to go up greatly from here," he said.