HomeNewsBusinessStocksBuy PVR, Prism Cement, CESC; avoid Mindtree: Ashwani Gujral

Buy PVR, Prism Cement, CESC; avoid Mindtree: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy PVR, Prism Cement and CESC but avoid Mindtree.

July 18, 2016 / 13:31 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "On the cash space, in terms of calls, we have PVR which is a buy with a stop loss Rs 1,000, target of Rs 1,065. Prism Cement is making some sort of comeback, that’s a buy with a stop loss of Rs 103, target of Rs 116. CESC is a buy with a stop loss of Rs 598, target of Rs 625.""After what you heard from Infosys, I don’t think there is great value in trying to expect Mindtree to do very well. Generally speaking 50 percent of a stock’s move is because of the sector, 30 percent because of the market and only 20 percent depends on the stock itself, so given that and given the chart pattern, I think Mindtree is more likely to head to Rs 550 than to Rs 750, so it is a clear avoid," he added.

first published: Jul 18, 2016 01:31 pm

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