Buy UPL, GNFC, Dr Reddy's Labs: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "UPL is a buy with a stop loss of Rs 590, target of Rs 620. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is a buy with a stop loss of Rs 112, target of Rs 126 and Dr Reddy's Laboratories is a buy with stop loss at Rs 2,880 for target of Rs 3,000.""It is part of the agri theme and Jain Irrigation seems to have bottomed out. Next target could be Rs 78. Finally we should expect given the way this entire sector is moving, the stock to get to three figures, but as of today there could be some arbitrage play on Jain Irrigation and Jain Irrigation Systems (DVR)," he said."When perceived bad results lead to a good rally chances are that the market has taken the results positively. It should rally back towards Rs 915-920. So, today is a good day to buy Hindustan Unilever (HUL). It had corrected before the results, so chances are FMCG along with Dabur India and Marico etc should perform.""Tata Motors is in an uptrend but it is going through these minor declines. Possibly levels closer to Rs 360 is a good buy zone for the stock. However, for the day Tata Steel could be a better stock given that it is coming out of a correction and has positive news to support it."