HomeNewsBusinessStocksBuy Tata Motors DVR, RIL may head higher: Ashwani Gujral

Buy Tata Motors DVR, RIL may head higher: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Tata Motors DVR and feels that Reliance Industries may head higher.

May 03, 2016 / 12:36 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "All of the stocks which are in strong uptrends in the midcap space are likely to do very well. Capital First is one of the stocks I had mentioned. I am not tracking too closely, but definitely all consumer stocks, all rural facing stocks are doing fairly well.""CCL Products India, we had mentioned the other day when it had that 15 percent move, we are looking at Rs 315-320 and possibly it is also going to get out of jail at those levels; Rs 375-380 could be a final target once we get pass this Rs 315-320 zone,' he said."I think Reliance Industries has found good support at Rs 980. So, from there this could be the one that leads the market higher. Also, Tata Motors DVR is consistently performing. So, that is still a buy. This is a fresh rally. So, today people can get into this for higher levels." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com"Basically, all rural stocks are at least going to go up 40-50 percent from here, but SKS Microfinance has run up quite a bit. So, if you do get corrections at some point, which you will, this is one of the stocks in terms of agri which people should get into. But definitely, it is heading towards Rs 800-850 over a period of time."

first published: May 3, 2016 12:34 pm

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