Buy Manappuram Finance, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Bank Nifty is consolidating and so are large banks. So, while today anything can happen but overall ICICI Bank looks positive and in the medium-term Rs 280-290 which is nothing special, just getting back towards equilibrium kind of zones is possible. So all private banks on decline are buys. That is a much better view than saying what will happen today. IDBI Bank also with all these L&T Finance etc rumours going around should move up but probably less than ICICI Bank. ICICI Bank is the better of the two.""Manappuram Finance is a buy with a stop loss of Rs 36, target of Rs 48. These stocks don’t get impacted by the Nifty as much so with Nifty trying to chop around, it is better to stay with probably two digits," he said."Jain Irrigation Systems crossed Rs 200 and is now sustaining above it. Given the kind of water situation this should come into play. So several triggers here, buy with a stop loss around Rs 62 and target of Rs 76."