Buy JSW Steel, Bajaj Auto, GAIL; RIL may hit Rs 1040: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "JSW Steel is a buy with a stop loss of Rs 1,320, target of Rs 1,385. Bajaj Auto, post the correction is a buy with a stop loss of Rs 2,460, target of Rs 2,540. GAIL India is a buy with a stop loss of Rs 384, target of Rs 401.""Larsen and Toubro (L&T) is a slow moving stock. Investment cycle is still to pick up but in this rally, easily we could see Rs 1,400 on L&T. Similarly, Reliance Industries after a large decline could see Rs 1,030-1,040 coming in. So broadly, the entire market will participate," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com"Tata Consultancy Services (TCS) also went through some sort of a correction and even IT index is trying to come back. We should see Rs 2,550-2,600 on TCS."