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Buy Tata Steel, Hindalco Industries on dips: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Tata Steel and Hindalco Industries on dips.

February 08, 2017 / 11:43 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Steel still has a long way to go. Any declines towards Rs 440-450 should be used to buy.""Hindalco Industries' declines towards Rs 180-185 can be used to buy. Metals are going to outperform. That was the call in the beginning of the year and that should continue," he said."Lot of these auto stocks are doing well. In Ashok Leyland, possibly Rs 110-115 on the upside is likely. But I would still buy Maruti Suzuki on declines because that seems to be the strongest auto stocks.""Infosys story may spur interest in other stocks also wherever there is cash but these are not plays that will yield you big returns. Metals still remains the best bet. For the day, Titan Company should be bought with a stop loss of Rs 415, target of Rs 440. It will move higher from here.""Hindalco is a buy with a stop loss of Rs 187, target of Rs 202 and Manappuram Finance is also a buy with a stop loss of Rs 90, target of Rs 103."

first published: Feb 8, 2017 11:43 am

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