Buy Escorts, Tata Chemicals, M&M Fin: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "In Escorts, we should be looking at Rs 215-220. In terms of calls, PI Industries is a buy with a stop loss of Rs 650, target of Rs 685. Tata Chemicals has started a fresh move, that is a buy with a stop loss of Rs 408, target of Rs 424. The point is that I have never seen these stocks trend so much. It is moving like Tata Motors DVR. So, it is clear that some big money is chasing these stocks. Similarly, Mahindra and Mahindra Financial moved from Rs 240 to Rs 320 in a jiffy. This is a buy with a stop loss of Rs 307, target of Rs 324.""I would stay away from ICICI Bank and move towards IndusInd Bank, YES Bank and Kotak Mahindra Bank. Chances are that people will differentiate in terms of banking stocks. Chances are that Kotak Bank, IndusInd Bank and YES Bank could outperform more than ICICI Bank or SBI," he said."Rallies on those stocks have been much sharper. So, it is clear that money is moving away. Till they solve their problems, I think both SBI and ICICI Bank could underperform."