HomeNewsBusinessStocksBuy Marico, HUL, BoB, Tata Motors DVR: Ashwani Gujral

Buy Marico, HUL, BoB, Tata Motors DVR: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Marico, Hindustan Unilever, Bank of Baroda and Tata Motors DVR.

March 14, 2016 / 11:03 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "For short-term trading, you have to back strength. So, Marico is a buy with a stop loss of Rs 242 and target of Rs 256." "Hindustan Unilever (HUL) was strong on Friday, so I think there is more upside here. This is a buy with a stop loss of Rs 845 and target of Rs 870," he said. "Now everybody knows what is the non-performing asset (NPA), etc. Probably the stocks have bottomed out because some resolution will now happen. So Bank of Baroda (BoB) is a buy with a stop loss of Rs 136 and look for targets of Rs 148.""Friday was an extremely choppy day; certain stocks did not get into that sort of choppiness. So, Tata Motors DVR is a buy with a stop loss of Rs 250 and target of Rs 264.""Metals are opening down by 0.5 percent but I believe if this rally has to move forward, metals will play a significant role. So, Tata Steel, Hindalco Industries and Vedanta all are probably headed another 15 percent higher. So, on dips these should be bought." "ICICI Bank is resuming its rally from where it left off, so chances are we will probably get towards Rs 250-260 in the days and weeks to come." "Today private banks are taking the lead so on any sort of decline, get into the private banks. Probably look at metal sector, so, broadly metals, realty and private banks should lead the day. However, you will get dips, so don’t chase this rally. Once you get a 10-15 point dip on the Nifty that would be the time to buy." "Tata Motors has turned, even in the medium-term. So possibly heading towards levels of Rs 420. As far as calls right now are concerned, ICICI Bank, you can buy with a stop loss of Rs 215 and target of Rs 232. Bajaj Finance is another one which is close to its all time high; that is a buy with a stop loss of Rs 6,350 and target of Rs 6,600 and HDFC is a buy with a stop loss of Rs 1,160 and target of Rs 1,210."

first published: Mar 14, 2016 10:53 am

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