Buy L&T Finance Holdings: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "When something breaks out from a consolidation backed by news, then chances are that the move continues because often you get upgrades the very next day. So, L&T Finance Holdings is a buy with a stop loss of Rs 72, target of Rs 84. I believe that it is probably going to get out of this Rs 60 to Rs 90 type of range and maybe you will find new levels above Rs 90.""If your view is six months, you can buy it on any gap up, gap down whatever. If your view is intraday, then you probably wait for the stock to consolidate, probably correct a bit after a gap up and then buy it. I do not think even the market opening that is visible, you will get a gap up. Chances are you may get a gap down, but from that gap down, you should try to buy it because the momentum of the stock will make it go up," he said."Problem is that Mahindra and Mahindra Financial Services or UPL have moved away from averages. So, they are kind of over-extended from where they could either move sideways or even correct a bit. So definitely, even those two stocks should be on your list. Any consolidation, any correction and they are definitely buys. All these rural focused stocks, right from SKS Microfinance, M&M Financial and Bajaj Finance, wherever there is a rural play, those stocks are going to do extremely well," he said.