Buy Ajanta Pharma, IIFL, Bajaj Finance: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Ajanta Pharma is a buy with a stop loss of Rs 1,620, target of Rs 1,700. IIFL is a buy with a stop loss of Rs 220, target of Rs 242. Bajaj Finance is a buy with a stop loss of Rs 8,700 for target of Rs 9,050.""Basically, all stocks which are in a downtrend, even they move up at some point. But that does not mean that the trend has reversed. You can have a pullback rally in Just Dial maybe towards Rs 580-600 but I don't think it will do much more than that," he said."The SBI subsidiary stocks had an uptrend and till banks are doing well these stocks should continue to move higher. Basically State Bank of Bikaner and Jaipur and State Bank of Travancore look like stocks which could move up further. But the plain vanilla public sector undertaking (PSU) banks are doing extremely well. The subsidiaries probably are more portfolio stocks.""If you are a long term holder there is nothing to worry for JSW Steel, the stock is on a very strong uptrend. If you have bought it 15 days back and planning to hold it only for a couple of weeks then maybe profits can be booked, but the trend remains extremely strong, I wouldn't be surprised if it hits Rs 2,000 at some point," he added.