HDFC Bank may hit Rs 1600, Eicher Motors Rs 27000: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The interesting bit is that Uday Kotak did not announce any acquisition. NPA – we are waiting for last five days, nothing concrete but still the bank Nifty rallies. So, that shows that with or without news it is moving on."

"I think HDFC Bank since morning was showing a breakout and next target here could be Rs 1580-1600."

"Similarly, Eicher Motors again is a slow starter, it didn’t really participate in this rally and now is moving on. So, maybe Rs 26500-27000 is likely on Eicher," he said.