Moneycontrol Be a Pro
Get App
Last Updated : Jan 02, 2017 10:45 AM IST | Source: CNBC-TV18

Buy IGL, Tata Chemicals, India Cements, L&T Finance: Gujral

According to Ashwani Gujral of ashwanigujral.com, one can buy Indraprastha Gas, Tata Chemicals, India Cements, L&T Finance Holdings and Arvind.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Gas stocks have been in the bull market of their own and chances are that continues. Indraprastha Gas (IGL) is a buy with a stop loss of Rs 910 and target of Rs 945. Tata Chemicals is also a buy with a stop loss of Rs 498 and target of Rs 520."

"India Cements is a buy with a stop loss of Rs 112 and target of Rs 124. L&T Finance Holdings is a buy with a stop loss of Rs 84 and target of Rs 96. Arvind is a buy with a stop loss of Rs 347 and target of Rs 365," he said.

"Oil & gas overall is probably the leading sector of the market and commodities including metals should do well in this year. So, let us see if we can get past Rs 1,100 – Rs 1,120 zone on Reliance Industries and then the markets can really come out of this rut because it appears that globally focused sectors are likely to do better this year than the domestic focused ones."

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com

LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on Jan 2, 2017 09:28 am
Loading...
Follow us on
Available On