HomeNewsBusinessStocksBuy Hero Moto, Bajaj Auto, L&T Fin: Ashwani Gujral

Buy Hero Moto, Bajaj Auto, L&T Fin: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Hero Moto, Bajaj Auto and L&T Financial Services.

May 03, 2016 / 11:30 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Basically, TVS Motor Company is the strongest two-wheeler stock. Although the others are also looking good, probably it is monsoon sensitive. Hero MotoCorp at current level as well as Bajaj Auto are fairly strong buys. Hero MotoCorp should at some point get pass Rs 3,200. Similarly, Bajaj Auto at some point should get towards Rs 2,900-3,000. So, definitely in terms of autos, you probably would look at these stocks before the four-wheelers.""In ICICI Bank, Rs 220 is the 50-day moving average and that is an average which is rising. So, at some point, ICICI Bank will bottom out. At around Rs 215-220 people should try to buy it. Chances are from there, another attempt towards Rs 245-250 is possible. But I would wait for the stock to turn before trying to enter it. Do not try to enter it at a particular level because the stock basically is weak and if we get a green day, then only buy," he said."L&T Finance Holdings seems to be the consensus call and chances are it will move up like that. So, it is a buy with a stop loss of Rs 72, look for target of Rs 84.""All auto stocks are doing well, but Tata Motors, particularly Tata Motors DVR went down for four days, today it gaps up on the back of news. So, chances are both Tata Motors and DVR could do fairly well. Autos are going to have a big day today. Overall, everywhere, where people went short yesterday, that could be in trouble. Even ICICI Bank has turned around. So, particularly, today is the day to look at banking," he added.

first published: May 3, 2016 11:29 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!