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Last Updated : Feb 23, 2017 11:24 AM IST | Source: CNBC-TV18

Buy Bajaj Finance, LIC Housing Finance; sell Arvind: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bajaj Finance and LIC Housing Finance and sell Arvind.


Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Consultancy Services (TCS) probably corrected post its new flow and now beginning to move up; Rs 2,800-2,850 is a longer term target. CNX IT is heading up to Rs 1,100, but more important point is that again Reliance Industries takes a back seat, banks takes a back seat and IT and telecom put their hand up. So, this way this market is showing very nice musical chairs which will not allow it correct beyond a point and that will hold confidence."

"For the moment right now, Sun TV has again begun to move higher. So that is something that people should look at. Dish TV and Sun TV are looking strong," he said.

"Bajaj Finance is a buy with a stop loss of Rs 1,070 for target of Rs 1,120. LIC Housing Finance is also a buy with a stop loss of Rs 558 for target of Rs 580." 

"Arvind is sell with a stop loss of Rs 380 for target of Rs 365." 

"It is looking like a bit of an NBFC type day, so Bajaj Finance, Bharat Financial Inclusion and LIC Housing, etc. could do very well."

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.



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First Published on Feb 23, 2017 11:24 am
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