Buy Cummins India, Cipla, JK Tyre: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Indian Oil Corporation (IOC) has had a brief correction and now even Chennai Petroleum is moving higher, so all of these stocks are going through correction and slowly one after the other they should move back higher. After all crude is still lower. The best of the gains are probably out but for the moment it seems that IOC has done with the correction." "Cummins India is a buy with a stop loss of Rs 900 for target of Rs 940. Cipla is a buy with a stop loss of Rs 560 for target of Rs 590 and JK Tyre and Industries is a buy with a stop loss of Rs 112 for target of Rs 126," he said.