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Stock trading bets buy Ashwani Gujral which can yield good returns

In an interview to CNBC-TV18, Ashwani Gujral of advises which stocks to buy, sell or hold for handsome returns.

August 02, 2017 / 11:36 AM IST

Ashwani Gujral of told CNBC-TV18, "You cannot buy Eicher Motors because it has risen too much. You cannot sell Lupin because it has fallen a lot. So, you have to wait on declines. Eicher declined from Rs 30,000 to Rs 26,000; that was the time to get in. Now you have good news, probably it will be time for some swing traders to take money off. However, Lupin, the way it has fallen, I think the market will find something positive in the results. So, possibly you can take a punt on the results being whatever they are. However, the market is moving up because it is oversold."
"Rashtriya Chemicals and Fertilisers (RCF) looks like a break away gap. So, out there you could have further gains and possibly it could have 15-16 percent type day. However, overall banks have started fairly positive, particularly PSU banks. So, maybe you could look at Punjab National Bank (PNB) or Bank of Baroda (BoB) because yesterday they had bad day. So possibly today they could rally a little bit if you get a bit of rate cut or some positive news on resolution, etc. However, overall, flat opening and chances are that is the way it will continue till we get the policy."
"Gujarat State Fertilizers & Chemicals (GSFC) is another one which can be backed. So, even out there you should have follow through. UPL is also showing some amount of great follow through. So, I think GSFC could get up to Rs 150 or thereabouts.""Cummins India is low volume stop-start type of stock. However, given the way Larsen and Toubro (L&T), etc. are reacting to their results, chances are we could see Rs 1,100 on Cummins if this capex cycle starts picking up."
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