Buy HPCL, target Rs 945; prefer HDFC Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "All of these oil marketing companies (OMCs) are going through a correction and yesterday all of them broke out. So in an uncertain environment, they generally tend to do better than other stocks. Hindustan Petroleum Corporation Ltd (HPCL) is a buy with a stop loss of Rs 910 and look for targets of Rs 945.""My view is that the best is probably priced into these aviation stocks and now likely to move sideways. So I don’t think these minor changes will help them. The big rallies happened when crude was falling. Overall, Jet Airways and Interglobe Aviation are now more sideways than looking ready for large rallies," he said."If ICICI Bank hits yesterday's lows, probably you would look to accumulate because I don’t believe that there is great incremental weakness left in banks but my choices in the banking space are probably HDFC Bank and Kotak Mahindra Bank. ICICI Bank probably will underperform in any banking rally."