Buy Hindalco, Axis Bank, Marico, UltraTech: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Hindalco Industries is a buy with a stop loss of Rs 127, target of Rs 142. Axis Bank is a buy with a stop loss of Rs 545, target of Rs 575. Marico is a buy with a stop loss of Rs 268, target of Rs 282.""I have been saying for last three months that cement rally is something special and it will post regular corrections and again move up. UltraTech Cement is moving higher, it has now crossed Rs 3,400, so basically it has opened up space right up till Rs 3,800. On declines you need to get back into these stocks," he said."When oil marketing stocks are at new highs, while the market is still 10 percent away, that shows you the outperformance of these spaces, so I won't be surprised if you see another 15-20 percent rally on all of these oil marketing stocks.""In terms of autos, two-wheelers are outperforming four-wheelers by and large. So right now, if you have to be with something, I think Bajaj Auto and Hero Moto are probably number one and number two and then you have Tata Motors and probably number fourth is Maruti Suzuki. So I don’t think you will get overexcited about the four-wheelers. I think two-wheelers is probably the way to go along with that tractor makers and Mahindra and Mahindra sort of stocks.""PSU banks have had a massive trading rally. Possibly it is not very useful to now get into them but on any reaction, for the moment you should be buying into PSU banks, anytime they correct 3-5 sessions, they should be bought into, most of them have crossed their 200-day moving averages (DMA) and once that happens they are now in some sort of a longer-term uptrend expecting good news to happen to them. So, on all corrections if they hold their 200 DMA on the downside, they should be bought," he added.