Buy ICICI Prudential; sell PFC, Indiabulls Housing: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "ICICI Prudential is crossing about Rs 340, anytime a stock crosses its listing high, that generally tends to double and triple. It has already happened with Bharti earlier when it listed at about Rs 40. Similarly, it happened with Facebook globally. What happens is that the bears are thrown out and everybody is a buyer post the listing high. So ICICI Prudential is a buy even for a day with a stop loss about Rs 334, target of Rs 360.""Power Finance Corporation (PFC) is a sell with a stop loss of Rs 140 for target of Rs 127. Indiabulls Housing Finance is also a sell with a stop loss of Rs 765, target of Rs 740," he said."United Spirits has bottomed out and now should head towards Rs 2,400, which is the 200-day moving average and possibly even cross that because it has probably ended its bear market.""Tata Elxsi is one of the better technology stocks but given overall how technology is behaving, if I have to choose between the two I would probably go with United Spirits. Tata Elxsi also over time probably could get up to Rs 1,650."