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Last Updated : May 31, 2016 11:58 AM IST | Source: CNBC-TV18

Buy Cholamandalam, L&T Fin, Finolex Ind, Raymond: Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Cholamandalam Investment, L&T Finance, Muthoot Finance, Finolex Industries and Raymond.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Cholamandalam Investment, L&T Finance and Muthoot Finance are in strong trends and now that broader market is coming into play, these stocks should be looked at. Cholamandalam is a buy with a stop loss of Rs 940, target of Rs 975. Muthoot Finance is a buy with a stop loss of Rs 228, target of Rs 242 and L&T Finance is a buy with a stop loss of Rs 74, target of Rs 88."

"Finolex Industries is a rural play. This is a buy with a stop loss of Rs 390, target of Rs 415. Raymond had strong upmove. Clearly this stock has started the consolidation step up sort of patterns. So Raymond is a buy with a stop loss of Rs 460, target of Rs 485," he said.

"Sun Pharma is finding some sort of a support around Rs 750-780 zone. So at these levels, you would like to buy. It hasn't performed in the last few months but I think some sort of bottoming out is happening here. So keep a stop loss around Rs 750 and buy into this decline. In a good market, we will probably get Rs 890-900."

First Published on May 31, 2016 11:58 am