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Buy ICICI Bank, Future Consumer; hold L&T Finance Holdings: Ashwani Gujral

Ashwani Gujral of suggests buying ICICI Bank and Future Consumer and advises holding L&T Finance Holdings.

October 27, 2017 / 04:49 PM IST

Ashwani Gujral of told CNBC-TV18, "Given that Yes Bank has not reacted too badly to its results, I think for the first time in many quarters, I would like to buy ICICI Bank and go into the results because chances are that the market is beginning to look at growth also instead of just NPA. From the lows it was lower by 3.5 percent; that has come back about 2 percent from the lows. So, there is a bit of a bullish feeling about this. This is a buy with a stop loss of Rs 290 and target of Rs 306."

"Future Consumer is a buy with a stop loss of Rs 58 and target Rs 70. Radico Khaitan is a buy with a stop loss of Rs 217 and target of Rs 232."

"Hold on to L&T Finance Holdings, keep Rs 190 type of stop loss and I think we will get back towards Rs 235-240. There was just a one day adverse reaction, after that most of the NBFCs are coming back fairly strongly," he said.

"Bharat Petroleum Corporation's (BPCL) glory days are over. Given that crude prices are just moving up, this is a stock which is bottoming out. You will probably make 50 percent from here. Instead of BPCL which is basically range bound, Rs 450 to Rs 550, I think Aban Offshore is a risk worth taking right now," he added.
first published: Oct 27, 2017 04:41 pm
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