Buy Petronet LNG, United Breweries, Cipla: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Indraprastha Gas (IGL) and Petronet LNG are the beat of the oil & gas stocks. I think Reliance Industries and Oil and Natural Gas Corporation (ONGC) are slow movers. In Reliance Industries, once we can get past Rs 1,140, it will get a new lease of life. For that you need big money coming in, these are not small stocks. So, if I have to buy anything, I would buy the stocks which are at new highs. Both Petronet and IGL qualify for that." "So, Petronet LNG is a buy with a stop loss of Rs 363 and target of Rs 380. United Breweries is also a buy with a stop loss of Rs 940 and target of Rs 975 and Cipla is a buy with a stop loss of Rs 590 and target of Rs 625," he said. "Slowly, all of the smaller sectors are also moving. So, Asian Granito, Kajaria Ceramics and Nitco have been moving up. So, it is a midcap kind of a party where I don’t think there is much differentiation between sectors and stocks. If any sector tends to catch fancy, all stocks move up. Chances are we should see 3-figure on Nitco at some point. So, it is clearly now the smaller stocks in all sectors which are also making that move."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.