Moneycontrol
HomeNewsBusinessStocksBuy V-Guard Industries on declines, says Ashwani Gujral
Trending Topics

Buy V-Guard Industries on declines, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy V-Guard Industries on declines at around Rs 1250-1300.

June 17, 2016 / 11:13 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "In Bharti Infratel, Rs 290-300 is now possible, but it has gone down sharply in last couple of days, so possibly look for some rallies to get short into but clearly, it is breaking down and at some point it will break Rs 300.""V-Guard Industries had a sharp rally from about Rs 800 to about Rs 1,440. Basically, it is the nice kind of uptrending stock, so on all declines it can be bought. If you get a decline closer to Rs 1,250-1,300, those could be good levels to buy. But this is one of the midcaps which is at all-time high. So definitely the stock should be part of your portfolio," he said."Ugar Sugar is not in the futures segment and you should look to buy strong stocks on decline because if you get trapped on the other side, somebody decides to buy, you will get trapped by going short. On sugar, people should use this decline to buy into it. Maybe buy 20 percent today and keep buying as it falls and that way, whenever the market turns you will be able to come into profit. So, try to avoid shorting strong stocks.""JSW Energy is acting very well, so that is a buy for a stop loss of Rs 80, target of Rs 92."

first published: Jun 17, 2016 09:50 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!