Buy LIC Housing, PNB, IGL; Biocon may hit Rs 970: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Cipla, I believe has made a long-term bottom, probably will get to Rs 625-630. Hindalco Industries and Tata Steel meanwhile have come off corrections and now that you have China news today that could probably be a good day on metals. So, they consistently should do another 10-15 percent higher. So, probably metals is one place to look at." "Fortis Healthcare is underperforming the market so it has trouble at Rs 190-195 zone. However, once we can get past this zone, chances are you could see a rally right up to Rs 245-250. I think the stock which is breaking out in the healthcare space is Biocon. I think out there you could see Rs 950-970 coming in fairly soon," he said. "LIC Housing can be bought with a stop loss at about Rs 550 and target of Rs 582. Punjab National Bank (PNB) is a buy with a stop loss of Rs 122 and target of Rs 136. Indraprastha Gas (IGL) is a buy with a stop loss of Rs 686 and target of Rs 720.""Stocks which haven’t done well or which haven’t gone up, even those are moving higher. So, probably you would look at stocks which haven’t done well. However, Rural Electrification Corporation, Power Finance Corporation and PSU banks are going up. So, J Kumar Infraprojects is something you can look at, at this point."