Buy REC; sell Bajaj Finance, HPCL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Today the public sector enterprise index is doing well plus energy stocks. So, Rural Electrification Corporation (REC) is a buy with a stop loss of Rs 170 and a target of Rs 190." "Bajaj Finance for the first time is now on the verge of breaking Rs 6,000. So, somewhere it is becoming a little top heavy. This is a sell with a stop loss of Rs 6,100 and a target of Rs 5,750," he said."Oil marketing is facing selling pressure, so Hindustan Petroleum Corporation (HPCL) is a sell with a stop loss of Rs 720 for target of Rs 690."