Buy TVS Motor; sell Ambuja Cements, ICICI Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Today auto and ancillary are doing very well. So, TVS Motor Company is a buy with a stop loss of Rs 298 and target of Rs 315. Ambuja Cements is a sell with a stop loss of Rs 272 and target of Rs 255. ICICI Bank is a sell with a stop loss of Rs 251 and target of Rs 235.""Tata Consultancy Services (TCS) is not a company specific issue, it is an industry specific issue and once you have an industry that is in trouble you don’t bet on individual companies outperforming for a bit. So, everybody is kind of taking money off and probably closer to Rs 2,400-2,450 it could become a worthwhile buy again. Right now it is probably all hands off the deck on IT space," he said.