HomeNewsBusinessStocksBuy M&M Financial, YES Bank, UPL, L&T; positive on DLF: Gujral

Buy M&M Financial, YES Bank, UPL, L&T; positive on DLF: Gujral

Ashwani Gujral of ashwanigujral.com recommends buying M&M Financial Services, YES Bank, UPL and Larsen & Toubro and has a positive view on DLF.

June 20, 2016 / 13:11 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The monsoon theme has made a comeback possibly because of the weekend progress of monsoon. Mahindra & Mahindra Financial Services is a buy with a stop loss of Rs 310 for target of Rs 327. It has corrected to its 50-day moving average. YES Bank post making a low early morning is tending to move higher. This is a buy with a stop loss of Rs 1,060, look for target of Rs 1,090. UPL is a buy with a stop loss of Rs 558 for target of Rs 580.""Larsen & Toubro (L&T) often finds strong support at the 3-digit mark as they say and the huge gap move we had a few days back has consolidated quite well. L&T should move further from here and possibly look for a medium-term target of Rs 1,650 and then maybe Rs 1,800-1,820. Overall, L&T looks extremely positive and people can buy it with a stop loss say around Rs 1,400," he said."While the market is moving sideways, IT was correcting sharply. HCL Technologies is showing now upside movement and possibly it could get back to Rs 850-870. Also, Tata Consultancy Services (TCS) is showing some upside traction, so may be Rs 2,750-2,700 - if Brexit does not happen, I think IT would probably gain the most and that way probably TCS and HCL Tech look the best of the lot." "Real estate sectors seems to be in some sort of a bull market and chances are that DLF could head up to levels of Rs 165-170 in the days to come. A lot of real estate stocks including SobhaHDIL, etc are looking positive. So, we are positive even on DLF.""It is never a great idea to buy Max Financial after a lot of good news but clearly this is working out fairly well for the stock. On declines, maybe towards Rs 480-490 once this cools off, it could be a good be a good idea. Possibly, Rs 700-750 could be a longer term target for Max Financial."

first published: Jun 20, 2016 01:11 pm

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