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Last Updated : Apr 04, 2016 10:50 AM IST | Source: CNBC-TV18

Buy Union Bank, Kitex Garments: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Union Bank and Kitex Garments.


Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Smaller PSU banks are now outperforming, even the large private sector banks. So Union Bank is a buy with a stop loss of Rs 135 for target of Rs 148."

"It is better than buying Kitex Garments at Rs 950. The way the stocks seems to have bottomed out after huge crash and as Friday was a good day, so chances are earnings are likely to be good. So, this is a buy with a stop loss of Rs 460 and look for target of Rs 500," he said.

"A sector move is starting, so Mcleod Russel is a buy with a stop loss of Rs 189 for target of Rs 203. Again a stock which is bottoming out, it is a right time to get into any commodity like sugar or tea. You get in once a bear market is ending." 

"Reliance Infra has been showing good momentum, so this remains a buy with a stop loss of Rs 550 for target of Rs 575. In terms of oil marketing companies (OMCs) since crude is down possibly the bigger traction may be seen on stocks like Chennai Petroleum Corporation. This is a buy with a stop loss of Rs 198 and look for targets of Rs 212."

"Anybody who wants to wants to get into the sugar this is a right time. Even though stocks may have doubled they can go up much further because everybody cleaned out of sugar for a couple of years. So, Balrampur Chini Mills could still do Rs 125-130. Similarly, all the large sugar names even the smaller ones, I think tea and sugar both are starting some sort of a sugar market and these smaller sectors are ones where you will see gain this month. So, even right now if you need to get into say Balrampur Chini it is a good time to do that." 

"Infosys is in a bull market of its own making fresh highs. Today is a bit of an IT type of day, so everything is sort of moving on back of those deals. This is a buy with a stop loss of Rs 1,200 for targets of Rs 1,275."

"BPCL is a sell with a stop loss of Rs 890, target of Rs 865. REC is a sell with a stop loss of Rs 169 for target of Rs 157."



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First Published on Apr 4, 2016 08:53 am
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