Buy Petronet LNG, Amara Raja: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Petronet LNG is coming out of a sideways consolidation. It is a buy with a stop loss of Rs 262, target of Rs 278. Amara Raja Batteries has a long accumulation pattern and is now breaking out. Medium term target can be even Rs 1,040, but for the day, it is a buy with a stop loss of Rs 927 for target of Rs 960. Persistent Systems is the best looking technical chart out of all the midcap stocks we have. So, it is a buy with a stop loss of Rs 720 for target of Rs 710.""Mindtree had a fairly torrid time in last few weeks, but now it is beginning to come back. If results are positive, the stock could get back to levels of about Rs 750 and once passed that, we will see an excursion upto Rs 900, but definitely Mindtree from here looks more positive than negative," he said."Bharti Infratel, at best of times, kind of remains sideways but overall telecom looks strong. Bharti Infratel will start a new trend above Rs 435.""IndusInd Bank is a buy with a stop loss of Rs 980 for target of Rs 1,035. UltraTech Cement is a buy with a stop loss of Rs 3,300 for target of Rs 3,450. IDBI Bank is a buy with a stop loss of Rs 68 and target of Rs 76."