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Last Updated : Jun 18, 2016 11:05 AM IST | Source: CNBC-TV18

Buy Sun Pharma; Sobha may test Rs 450: Ashwani Gujral

Ashwani Gujral of recommends buying Sun Pharmaceutical Industries for long term and feels that Sobha may test Rs 450 while Coal India may hit Rs 400.

Ashwani Gujral of told CNBC-TV18, "Since we are talking of a bit medium term, I think the way real estate has broken out as a sector and Sobha as a stock, I think over the next few weeks it could move towards levels of Rs 450."

"Similarly, Sun Pharmaceutical Industries around Rs 680-700 has found consistent support. So, for longer term investors this is a good place to buy. Probably in a better news environment, you will see Rs 900 coming pretty soon," he said.

"Coal India is standing at the door of its 200-day moving average. So, chances are even that stock is kind of bottoming out given commodities are stabilising a bit. So, out there you could see levels of about Rs 400 in the weeks to come."

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First Published on Jun 18, 2016 10:27 am
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