Buy Motherson Sumi, Magma Fincorp, Bajaj Finance: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Arvind and Motherson Sumi Systems are kind of hanging around their 200-day moving averages and getting ready to breakout. Motherson probably will cross its 200-day moving average this time. So, this is a buy with a stop loss of Rs 254, look for targets of Rs 275. Arvind is looking for a big swing ahead, maybe Rs 340-345. But for the day it is a buy with a stop loss of Rs 282, target of Rs 302.""All NBFCs are moving up right from Capital First to Magma Fincorp. Magma Fincorp is a buy with a stop loss of Rs 92, target of Rs 106. I have particularly chosen this because small and midcap are outperforming. So, it is much more worthwhile to be with smaller stocks than with larger ones although the large ones are also there," he said."Bajaj Finance is a buy with a stop loss of Rs 6,950, target of Rs 7,250 – this is just copy book trend trading. You got a 600 point correction yesterday, restart of momentum, so this is the time for people who love Bajaj Finance to get in."