Buy UltraTech, Biocon, CESC; sell Engineers India, OBC: Gujral

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26 Aug, 2025 12:21

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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "UltraTech Cement has made a base around Rs 2,600-2,900 zone. It is now coming out of that zone, so this is a buy with a stop loss of Rs 2,900 for target of Rs 3,020. The stock has done extremely well through this decline from 9,000 to 7,000. You would recall that it was about Rs 3,000 when the index was at 9,000.""Biocon did very well previously and then it had a sharp correction. Now, that correction seems to be getting over. So, Biocon is a buy with a stop loss of Rs 465 for target of Rs 490. Today, Aurobindo Pharma should do well. Biocon generally tends to participate with it, so it should move up for the day," he said. "PSU banks kind of floundered yesterday and today maybe because of Punjab National Bank (PNB) there will be some pressure. However, basically Oriental Bank of Commerce (OBC) has not participated at all in this rally and that is a sign of weakness, something which starts drifting sideways instead of moving up. So, OBC is a sell with a stop loss of Rs 86 for target of Rs 72." "Engineers India Limited (EIL) has not really been able to move above Rs 150. So, this is a sell with a stop loss of Rs 155 for target of Rs 142." "Since Punjab National Bank (PNB) is also sitting on some gains, I think PSU bank index is already reached its 20-DMA and from there I think the PSU bank index could see more weakness than the private banks." "CESC is starting to make sort of a base and kind of Budget related. So, this is a buy with a stop loss of Rs 440, look for targets of Rs 475," he added. "Yesterday there was a sell call in NTPC in late afternoon and anything that goes in for these follow on offers, generally tends to perform badly post it. Yesterday, NTPC has fallen from its 200-DMA. So, chances are that we will see the stock closer to Rs 115-120 in days to come.""Bharti Airtel is already up for several days in a row. I don’t think it is showing great amount of traction plus I think Budget sensitive stocks will do much better than your average stocks. So, maybe today I would go for Aurobindo Pharma, not that it is Budget sensitive, but given that it is coming out of correction and has positive news. Bharti Airtel is probably coming to the end of its rally, getting closer to Rs 345-350." "The order flow news should be used to sell into BHEL. It can go up for a couple of days but that could not I think change the trend. So, just be alert and whenever it shows weakness. I think closer to maybe Rs 108-110, those are places you would like to re-sell into BHEL." "Lupin had that large move from Rs 1,600 to Rs 1,800; that move has corrected and now the stock is again kind of pushing on the upside. So, Lupin and Sun Pharma are stocks that you would buy into. Aurobindo Pharma has corrected quite a bit, so, midcap pharmaceutical is now finding some support. So, for the day, Aurobindo Pharma looks extremely good. Overall, whenever the market bottoms out and starts moving up, I think pharmaceutical will again take the lead on the upside. Most of these stocks have corrected. So, basically people can re-enter into large and midcap pharmaceutical stocks.""Bajaj Auto and Eicher Motors are outperforming but if I have to choose, I think Eicher Motors is the better stock. I think it has put in a firm bottom around Rs 15,000 and at some point we will get back towards previous highs." "Bajaj Auto is more kind of a ranging stock, so either it is between Rs 2,000 and Rs 2,500 or between Rs 2,500 and Rs 3,000. So, possibly it is heading for a rally towards Rs 2,650. You should use today’s decline to buy but overall I think Eicher is the better stock." "All of these inclusions are now trading at the lows of the day. So, there is no immediate follow through on Tata Motors DVR. "I like BF Utilities. It is now at Rs 540, so on declines I think it should be bought. I don't know if it is a Budget move but clearly the stock seems to have made a bottom. So, keep a stop loss say around Rs 500 and I think in a decent market, we will see probably levels upwards of Rs 600." "I think Aurobindo Pharma can be bought with a stop loss at about Rs 660 with a target of Rs 685 but Just Dial can be sold with a stop loss of Rs 565 with a target of Rs 520 and Mindtree can be sold with a stop loss of Rs 1,440 and target of Rs 1,380."