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Last Updated : Jan 02, 2018 12:03 PM IST | Source: CNBC-TV18

Sell JP Associates, Hexaware Technologies; buy ONGC: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can sell JP Associates and Hexaware Technologies and can buy ONGC.

CNBC TV18 @moneycontrolcom

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "JP Associates is a sell with a stop loss of Rs 24 and target of Rs 21. Hexaware Technologies is a sell with a stop loss of Rs 345 and target of Rs 328. ONGC is a buy with a stop loss of Rs 191 and target of Rs 205."

"NMDC is probably one of the stronger stocks in the market. It has just broken out of this Rs 138 which was an intermediate high. Next target here could be closer to Rs 152. But I think several metals stocks are doing much better which are at new highs rather than NMDC because it has been a laggard in the overall mineral space."

"So, if you have to buy metals than probably go with Vedanta, Tata Steel or Hindalco rather than NMDC," he said.

"Siemens is a buy with a stop loss of Rs 1,230 and target of Rs 1,290. KPIT Technologies is a buy with a stop loss of Rs 185 and target of Rs 200. Mahindra & Mahindra Financial Services is a sell with a stop loss of Rs 465 and target of Rs 440."

"Tata Motors and Mahindra & Mahindra are both laggards, so I don’t want to choose any of them. I would still go with Maruti Suzuki and Eicher Motors - those stocks because they are the one which are correcting and they are the ones generally do good numbers. I don’t think you want to go with the others."

"One needs to be out of oil marketing stocks because in three or four months oil maybe at Rs 75 and half of the reform maybe over here. So, get into an ONGC, Oil India - those sort of stocks. I think oil marketing game is up for the moment."
First Published on Jan 2, 2018 11:31 am
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