HomeNewsBusinessStocksBuy monsoon related stocks, YES Bank, HDFC: Ashwani Gujral

Buy monsoon related stocks, YES Bank, HDFC: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying all monsoon related stocks asa well as YES Bank, HDFC and Zee Entertainment.

May 25, 2016 / 09:43 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The theme for today is, go and buy the monsoon related stocks because they have corrected the least. Now, apparently monsoon is going to get even better so that is where outperformance will come in. So, personally I would get long on all kinds of monsoon stocks." "However, as far as Nifty stocks are concerned, I think HDFC didn’t really correct in this downside. So, this is a buy with a stop loss of Rs 1,150, target of Rs 1,210," he said. "YES Bank is a buy with a stop loss of Rs 970, target of Rs 1,010. All of these stocks which made fresh highs are likely to continue doing that." "Zee Entertainment is something which made a massive move, almost new highs and then it has corrected. So, all kinds of correction in strong stocks should be bought. This is a buy with a stop loss of Rs 434 and look for targets of Rs 460."

first published: May 25, 2016 09:43 am

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