Buy Engineers India, AB Nuvo, Reliance Capital: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Midcaps is where the action is, so Engineers India is a buy with a stop loss of Rs 200, target of Rs 215. Aditya Birla Nuvo is a buy with a stop loss of Rs 1,160, target of Rs 1,220. Reliance Capital is a buy with a stop loss of Rs 378, target of Rs 400.""We have seen what happens with stocks like NTPC, Power Grid, etc. So for me, it is in that league of stocks. So, basically Idea Cellular is rangebound, Rs 100 is the downside, probably Rs 125-130 is the upside. So that way probably it is starting a fresh upswing but overall I don’t think telecom is going to outperform," he said."Metals are looking strong and possibly will participate in all kind of rallies. Jindal Steel & Power is not the best stock. It is sideways between Rs 55 and Rs 80. I would much rather look at probably Vedanta or maybe even Tata Steel at lower levels. But I don’t think JSPL is an outperformer.""BF Utilities is an extremely choppy stock and often the rallies don’t lead anywhere. But maybe if it can hold Rs 488-490, we could see levels closer to Rs 600 but I don’t think it is a stock worth participating in," he added.