Buy Tata Steel, DHFL, SRF: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I like to see how Tata Steel behaves towards good news and bad news. So, yesterday even post whatever news was there, good or bad, the stock still continued to move higher. It didn’t get into a profit booking zone. It means the market perceived the news well. So this is a buy with a stop loss of Rs 328 and look for targets of Rs 350.""You have a macro trade for domestic economy, Infosys will give you the macro information needed to take IT higher. So that trade will probably play out from Monday onwards if the news is good. For the moment, I don’t think for the day IT space is going to do too much. So possibly it is best ignored," he said."Today smaller housing companies like Can Fin Homes and HDFC seems to have bottomed out. So DHFL is a buy with a stop loss of Rs 195, target of Rs 212. SRF continues with its good work, so that is a buy with a stop loss of Rs 1,360 for target of Rs 1,420.""BHEL is in a bear market and possibly is having a bear market rally whereas the entire cement space is rallying like cement has been discovered for the first time and when you have this kind of strong momentum moves happening, they happen because of big money moves. Big money often has more information and chances are that there is going to be some favourable demand/supply in cement that is going to work out. So, they are taking these positions in anticipation of that.""Cement is a much more sustainable move than BHEL. In case capital goods also starts to show that kind of traction, possibly BHEL could do more but as we stand today, cement stocks are much better buys than BHEL," he added.