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Buy Siemens, HPCL, Dabur, M&M: Ashwani Gujral

According to Ashwani Gujral of ashwanigujral.com, one may buy Mahindra and Mahindra, Indiabulls Housing Finance, Siemens and Dabur India.

June 06, 2016 / 09:30 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "A lot of these FMCG stocks have consolidated and then are coming out of the right side of the market may be it is monsoon or whatever. However, Dabur India looks very strong. It is a buy with stoploss of Rs 300 and target of Rs 318.""Indiabulls Housing Finance had a strong Friday in spite of the market not showing strength, so that is a buy with a stoploss of Rs 740 and target of Rs 775.""Mahindra and Mahindra (M&M) is consolidating for quite a bit, probably looking now for a breakout. So, it is a buy with a stoploss of Rs 1,330 and look for targets of Rs 1,410," he added."Hindustan Petroleum Corporation (HPCL) is showing strength after that big 8-9 percent move. So, on all declines this is a buy with a stoploss of Rs 925 and target of Rs 960.""Siemens and Larsen & Toubro (L&T) all of these guys after those large moves are now moving sideways. I believe at some point they should move higher, so Siemens is a buy with a stoploss of Rs 1,190 and target of Rs 1,250," he said.

first published: Jun 6, 2016 09:11 am

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