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Buy Yes Bank, Titan, L&T Finance; Central Bank may rally to Rs 120: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank, Titan Company, L&T Finance Holdings and Kajaria Ceramics and feels that Central Bank of India may rally to Rs 120.

August 30, 2017 / 11:03 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Kajaria Ceramics which had a couple of flat days is a buy with a stop loss of Rs 720, target of Rs 755. Yes Bank is a buy with a stop loss of Rs 1,730, target of Rs 1,775. L&T Finance Holdings is also a buy with a stop loss of Rs 190, target of Rs 202."

"Central Bank of India had a massive move a couple of days back when it moved 10-12 percent. So that sometimes signifies a bottom for a stock and often, it is trading below its 200-day moving average, like all other PSU banks. It may have a trading rally to about Rs 115-120."

"Titan Company and PC Jeweller are in basic strong uptrends. So any sort of correction should lead to buying in these stocks. Titan has corrected to its 200-day moving average and that big massive bar which it made on August 4 has not been violated. So that way, Titan is a buy, keep a stop loss around Rs 595-600 and I think it should get back towards Rs 640," he said.

first published: Aug 30, 2017 11:03 am

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