Buy Gujarat Pipavav; sell NTPC, Tata Motors: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Handful of stocks are doing their own things. Other than that there are stocks which are coming off, so in terms of individual stocks, Gujarat Pipavav is a buy with a stop loss of Rs 162 for target of Rs 176. NTPC is a sell with a stop loss of Rs 154 for target of Rs 142. Tata Motors could have few couple of soft days. It is a sell with a stop loss of Rs 480 for target of Rs 456.""PSU banks have bottomed out and are in serious trading rallies. So, chances are that from the lows they can easily have a 25 percent rally and nothing really changes. So, that way I believe Punjab National Bank, Bank of Baroda and State Bank of India, all are in uptrend and on declines they are worth buying," he said. "Similarly, in smaller banks like Union Bank of India or Bank of India, the downside is limited. It is not like there has been a huge trading rally on metals and they are looking over extended. They are going through their slow upside but I don’t think they will at any point try to outperform the market."