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Last Updated : Apr 28, 2016 11:30 AM IST | Source: CNBC-TV18

Buy Maruti Suzuki, YES Bank, Axis Bank on dips: Ashwani Gujral

Ashwani Gujral of is of the view that one can buy Maruti Suzuki, YES Bank and Axis Bank on dips.

Ashwani Gujral of told CNBC-TV18, "Maruti Suzuki's trend is up. It has bottomed out. Within that, it would create a correction which may lead to a buying opportunity but on this sort of a day, you can avoid the yen and see how they play out but Maruti on dips is a buy."

"These sort of panic lows need to be bought when the trend is up. Similarly today's panic low should be bought once the market is clearing key resistances. So on Axis Bank and ICICI Bank even if the results are bad tomorrow, chances are buying will come back at lower levels because most of it is in the price and the stock seems to have bottomed out," he said.

"By the time this bull market is over, YES Bank and IndusInd Bank could become largecap private sector banks. So chances are it will move up but should you buy it today, you will get better opportunities, possibly wait for some sort of a correction towards Rs 800-850 but for the moment, anything that is hitting new highs while the market is still almost 10 percent away, I think is a fairly strong stock but anytime we get it on a dip, these are the first two banks that you would like to buy."

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First Published on Apr 28, 2016 11:25 am
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