Buy Magma Fincorp, Amara Raja Batteries; sell Lupin: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Magma Fincorp is a buy with a stoploss of Rs 102 and target of Rs 116. Amara Raja Batteries is a buy with a stoploss of Rs 1,025, target of Rs 1,080. Lupin is a sell with a stoploss of Rs 1,490 and target of Rs 1,425."He further added, "United Breweries came down from Rs 1,220 all the way to Rs 700. It has gotten past its 200-day moving average etc. So the way it is going, I don’t know the reasons, it could get easily past levels of Rs 1,000 so that towards Rs 1,050-1,100 shouldn't be unlikely."