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Last Updated : Aug 31, 2016 09:59 AM IST | Source: CNBC-TV18

Buy UltraTech, HDFC Bank, OBC, Jubilant Life: Gujral

According to Ashwani Gujral of, one can buy UltraTech Cement, HDFC Bank, Oriental Bank of Commerce, Jubilant Life Sciences and Muthoot Finance.

Ashwani Gujral of told CNBC-TV18, "Most of the stocks are coming out of consolidation or correction. They didn’t correct too sharply. So, what you want during this time is anything that did not correct sharply while the market kind of came down 200-300 points."

"UltraTech Cement and in fact all cement had a fresh break out. It is a buy with a stop loss of Rs 3,800 and target of Rs 4,050," he said.

"HDFC Bank had a very interesting pattern. A big down day, day before and it got reversed completely yesterday. This is a buy with a stop loss of Rs 1,250 and target of Rs 1,300."

"PSU banks came back strongly, so the rally which started during the result period, probably is now going to continue. Oriental Bank of Commerce (OBC) is a buy with a stop loss of Rs 120 and target of Rs 132."

"Jubilant Life Sciences has been a very strong stock. This is a buy with a stop loss of Rs 530 and target of Rs 565."

"NBFCs came back strongly, so Muthoot Finance is a buy with a stop loss of Rs 348 and target of Rs 372."

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First Published on Aug 31, 2016 09:48 am
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