Buy Pipavav Defence, Sadbhav Engineering, Jet Airways: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Pipavav Defence and several other stocks are bottoming out while all this goes on in the market. So, Pipavav Defence is a buy with a stop loss of Rs 67 for target of Rs 80.""Sadbhav Engineering is a buy with stop loss of Rs 258 for target of Rs 275. Jet Airways is a buy with a stop loss of Rs 530 and target of Rs 552," he said."HDFC is a clear sell. You have some downgrades also coming in and it has hit its 50-day moving average. It had a sharp rally from Rs 1,050 odd. So the downtrend is likely to resume, so we should expect Rs 1,040-1,050 coming back on HDFC.""Aurobindo Pharma - big rally, some clouds appearing on the horizon, coming back from 50-day moving average, so this is a sell with a stop loss of Rs 725 and target of Rs 700. CESC is a buy with a stop loss of Rs 467 and target of Rs 484. Hindustan Petroleum Corporation (HPCL) is a buy with a stop loss of Rs 780 with a target of Rs 810." "The next key support is 7,480, so you will see couple of bounces from 7,480, before that breaks and you move a step lower to 7,450. So 7,480 will not break easily, so avoid trying to short around those levels because you will keep having a market which will rally 20-25 points every couple of hours.""All kinds of pharmaceutical stocks are under pressure and once largecap gets into trouble and all of these stocks have rallied quite a bit, so it is not like they are getting into a bear market but Divis Laboratories also could head back towards Rs 950-960.""There was time when money was coming out of Infosys and going into Tata Consultancy Services maybe now the reverse is happening, so definitely midcap IT and Infosys is the place to be. HCL Technologies and TCS look weak, so if you have to buy a largecap it has to be Infosys but midcap IT is doing much better and stocks like Tata Elxsi, Hexaware or NIIT Technologies are much better stocks to buy than these largecaps."I do not think SAIL is a best metal stock, so probably little avoidable, metals aren't doing well but if you have to buy Tata Steel or Vedanta maybe even Hindalco Industries, is better than SAIL. So go with Tata Steel or Hindalco on declines.""Cairn India has made fresh intraday high, so that is something that people should continue to back."