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Last Updated : Feb 01, 2017 10:56 AM IST | Source: CNBC-TV18

Buy RCF, Can Fin Homes, NBCC, Bharat Financial: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Rashtriya Chemicals and Fertilisers, Can Fin Homes, NBCC, Bharat Financial Inclusion and Bajaj Finance.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Typical Budget type stocks like Rashtriya Chemicals and Fertilisers (RCF) is a buy with a stop loss of Rs 54 and target of Rs 66. Can Fin Homes is a buy with a stop loss of Rs 1,825 and target of Rs 1,940. It has gone into this Budget fairly strong, so, probably there is some expectation." 

"NBCC is a buy with a stop loss of Rs 265 and target of Rs 282. Bharat Financial Inclusion is a buy with a stop loss of Rs 720 and target of Rs 765," he said. 

"There is something for the consumer. Bajaj Finance can be bought with a stop loss of Rs 1,000 and target of Rs 1,065." 

"Even if nothing happens, these are good stocks to hold anyway. So, if you are buying, then probably you should not bother about the Budget and continue to hold them if you get declines here."

"For pharmaceutical, a lot of the downside is priced in. In fact the odd pharmaceutical stock like Biocon or Natco Pharma, you can actually buy. I don’t think Sun Pharmaceutical or Lupin have big amounts of downside from here. So, basically IT and pharmaceutical are both beaten up. I don’t think the Trump issue can really beat them up more." 

"The trade in Idea Cellular is that if you bought at around Rs 65-80, the initial news is over and now the stock gets into a consolidation till the next piece of news happens. So, for the moment, the gains are done and people should now book out of Idea." 

"If you buy just based on the Budget, then there could be a problem if nothing comes in. However, overall housing finance has looked strong and Can Fin Homes, Indiabulls Housing Finance, LIC Housing, all these stocks are looking strong. So, even beyond the Budget I think this space is likely to do well."

"You can buy Simplex Infra with a stop loss of Rs 315 and target of Rs 340. NIIT Technologies is a sell with a stop loss of Rs 416 and target of Rs 392." 

"Hexaware Technologies is a sell with a stop loss of Rs 196 and target of Rs 182." 

"It is clear that large holders of IT stocks are pairing down positions. So, you can clearly go short even on the larger IT stocks, TCSInfosys, and Tech Mahindra. It is a sector wave where you are not discriminating on any stock. So, all of these stocks you can go short on and probably with or without the Budget you will be able to make money."

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First Published on Feb 1, 2017 09:31 am
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