Moneycontrol
HomeNewsBusinessBuy Yes Bank, Titan, L&T Finance; Central Bank may rally to Rs 120: Ashwani Gujral
Trending Topics

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
Story continues below Advertisement

Your browser doesn't support HTML5 video.

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."

Story continues below Advertisement

"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

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!