Buy Voltas, BEML; see 25-30% upside in Lupin: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Lupin, I believe from here could have a 25-30 percent rally. So Rs 1,000 can become easily Rs 1,300. The low of today could be that stop loss, but the big relief rally, the reasons of which will be clear later could happen on Lupin, given that it is extremely oversold and today's action shows that possibly, that is about to reverse."

"Voltas is a buy with a stop loss of Rs 462, target of Rs 480. BEML is a buy with a stop loss of Rs 1,560, target of Rs 1,620. Tata Communications basically was outperforming the telecom space but now, it seems to be turning around and its 200-day moving average is about Rs 670, about current level. Once we break down from there, you could easily see Rs 620-625. I do not think telecom is quite setting the stocks on fire. So possibly it is an avoid.