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SAIL may rally 5-7%; Avenue Supermarts can head higher: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com

May 04, 2017 / 11:29 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Bhushan Steel is showing a good uptrend. Similarly, if things are getting resolved, steel is a beneficiary, like yesterday we saw with real estate. Anybody who has land tends to benefit, so, I would think steel also does well, but not a huge rally, maybe 5-7 percent type of rally could be possible on Steel Authority of India (SAIL)."

"I follow Avenue Supermarts (D-Mart) and that has sustained almost all its listing gains and more. So, this is a good time to get into D-Mart. It has been quiet for a few days, chances are it should soon breakout," he said.

"Anything to do with retail is generally in an uptrend but the best retail stock is D-Mart. Future Group stocks have I think spread out into."

first published: May 4, 2017 10:58 am

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