HomeNewsBusinessStocksBuy PC Jeweller, Bata, JSW Steel; sell LIC Housing: Gujral

Buy PC Jeweller, Bata, JSW Steel; sell LIC Housing: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy PC Jeweller, Bata India and JSW Steel and sell LIC Housing.

October 10, 2016 / 14:15 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "PC Jeweller seems to be a buy with a stop loss of Rs 500, target of Rs 530. Bata India is also a buy with a stop loss of Rs 500, target of Rs 535.""LIC Housing Finance is a sell with a stop loss of Rs 604, target of Rs 580. JSW Steel seems to be showing fresh strength. So, that can be bought with a stop loss around Rs 1,750 and maybe you will see Rs 1,950-2,000," he added."Infosys on a bad result announcement could touch Rs 950-970 on a bad result announcement it could touch and immediately bounce back, because these stocks have corrected quite a bit.""Similarly, on Tata Consultancy Services (TCS) whatever Infosys decides the entire sector will have one huge kind of pull back but that will only be a pull back and finally probably much lower levels will be seen. So, very little incremental downside but I don't think they are in any sort of great bull market now."

first published: Oct 10, 2016 02:13 pm

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