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Keep real estate stocks in portfolio; buy DCB Bank, Federal Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends keeping real estate stocks in the portfolio and advises buying DCB Bank, Federal Bank and Canara Bank.

May 02, 2017 / 11:03 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "All real estate stocks are moving higher. Sobha is up more than 6 percent. So, this is I think a fairly secular move. Godrej Properties is moving higher. So, this has to be a part of your portfolio for this year."

"Midcap private banks across the board are doing extremely well. So, for the moment given that they are up 4-5 percent, that only indicates that strong buying is happening on these midcap private banks and probably more is ahead. So, DCB Bank is a buy with a stop loss of Rs 190 and target of Rs 210," he said.

"Federal Bank is a buy with a stop loss of Rs 110 and target of Rs 124. Canara Bank is a buy with a stop loss of Rs 355 and target of Rs 372."

"I would also right now get into some of these real estate plays. Chances are they are going to have fairly good day today. I would think it would be good time to buy Indiabulls Real Estate or HDIL," he added.

first published: May 2, 2017 10:28 am

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