Buy Sun TV, BoI, DHFL, BEML, Bajaj Electricals: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The market is consolidating and it is a positive consolidation, so you must buy into strong stocks. Chances are Sun TV Network will have more good days as long as the confusion lasts in Tamil Nadu. So, it is a buy with a stop loss of Rs 730, target of Rs 755. Bank of India is also a buy with a stop loss of Rs 130, target of Rs 145.""Dewan Housing Finance (DHFL) is a buy with a stop loss of Rs 298, target of Rs 315. BEML continues to break new ground, this is a buy with a stop loss of Rs 1,315, target of Rs 1,370. Bajaj Electricals is a buy with a stop loss of Rs 258, target of Rs 274," he said."Overall, NBFCs and the tea and coffee space, particularlyCoffee Day Enterprises was up 10 percent yesterday. So, there is something going on in these soft commodities. Also rice stocks have been doing very well. So some sort of outperformance is available here.""This is a year where metals will outperform. So, all kinds of declines should be used to add on to these stocks. Slowly but surely, Tata Steel is heading towards levels of Rs 500. Hindalco Industries should head towards Rs 240-250, so on all declines, this is one secular story where people should buy into."He further added, The entire PSU space whether it is oil marketing or whether it is these power companies, everything seems to be having its own traction. So that is one space to watch.""NBFCs is another space where on declines you can buy Edelweiss Financial Services. It is up about 3 percent. Overall, Vardhman Textiles is opening up fairly well. Even on technology space, somewhere Infosys has turned the sentiment and chances are that the IT index could move up another 200-300 points. So that is something also to look for in this market decline while banks are underperforming, IT is outperforming while market remains rangebound. Once banks resume their leadership, IT will move sideways.""Chennai Petro is a buy with a stop loss of Rs 378, target of Rs 400. Edelweiss Financial is a buy with a stop loss of Rs 117, target of Rs 130. TVS Motor is a buy with a stop loss of Rs 410, target of Rs 435."