Buy Ashok Leyland, IFCI, Balkrishna Industries: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Jindal Steel & Power (JSPL) is not my favourite stock but the clear issue is when metal prices go down, banks get into trouble, companies are over-debted, as metal prices rise, lot of these pressures get taken off and hence metal stock prices tend to run up quite a bit. They have started running up last year. This will be another good year but you would want to get into Hindalco Industries or may be Vedanta, even some of the others like Hindustan Zinc, etc but I don't think JSPL is likely to do so well.""Ashok Leyland has crossed its 200-day moving average today with a big massive bar. So still it is a buy with a stop loss of Rs 87, target of Rs 100. IFCI is also a buy with a stop loss of Rs 27, target of Rs 35," he said."Balkrishna Industries is a buy with a stop loss of Rs 1,160, target of Rs 1,220."