Ashwani Gujral of ashwanigujral.com recommends buying SBI, Karnataka Bank, Dr Reddy's Laboratories, Torrent Pharma and Bharat Forge.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "State Bank of India (SBI) had a very massive bar. Low was around Rs 235 and finally we closed around Rs 260. That is a 20 percent move. So chances are it will outperform. That is a buy with a stop loss of Rs 256, target of Rs 270."
"Karnataka Bank went through a decent correction, that is a buy with a stop loss of Rs 118 and target of Rs 130," he said.
"Some of the pharma stocks could bounce back strongly. Dr Reddy's Laboratories is a buy with a stop loss of Rs 3,250, target of Rs 3,400. Torrent Pharma is a buy with a stop loss of Rs 1,330, target of Rs 1,400."
"Possibly Bharat Forge also may pick up with the US markets doing well. This is a buy with a stop loss of Rs 870, target of Rs 900," he added.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Nov 10, 2016 09:12 am