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Last Updated : Oct 04, 2016 11:38 AM IST | Source: CNBC-TV18

Buy Reliance Cap, Canara Bank, Bharat Forge, M&M Fin: Gujral

According to Ashwani Gujral of ashwanigujral.com, one can buy Reliance Capital, Canara Bank, Bharat Forge, M&M Financial and Ajanta Pharma.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Capital is a buy with a stop loss of Rs 565, target of Rs 590. Canara Bank is also a buy with a stop loss of Rs 314, target of Rs 334."

"Bharat Forge has restarted its rally, that is a buy with a stop loss of Rs 930, target of Rs 975 and M&M Financial Services is a buy with a stop loss of Rs 380, target of Rs 400. Ajanta Pharma is a buy with a stop loss of Rs 2,060, target of Rs 2,200," he added.

"Yesterday, both the microfinance companies did well - Bharat Financial and M&M Financial. M&M Financial is a buy with a stop loss of Rs 380, target of Rs 400."

"The problem with SRF is that, it has had a massive rally. So very difficult to suggest a fresh entry but people who have it, should hold on with a stop loss of around Rs 1,825-1,830 and probably a couple of more good days and it will be ripe for some profit taking."

"IGL is a buy with a stop loss of Rs 800, target of Rs 845. Patel Engineering is a buy with a stop loss of Rs 96, target of Rs 108 while Bata India is a sell with a stop loss of Rs 500, target of Rs 475."
First Published on Oct 4, 2016 10:55 am
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