Buy YES Bank, Bata, Kolte-Patil Developers: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "YES Bank didn’t really correct all that much and didn’t even reach its 20-day moving average. You can easily have a Rs 1,200 target on YES bank, it is definitely one of the stronger private sector banks. All these banks IndusInd Bank, HDFC Bank and YES Bank which have hit fresh highs, are all buys on dips." "Bata India was a weekend call as well. Everything that is rural focused, rural consumption, agri, etc has started a fresh move. So, Bata falls into that category. It is a buy with a stop loss of Rs 590 and target of Rs 625," he said. "Kolte-Patil Developers is a buy with a stop loss of Rs 120 and target of Rs 135. YES Bank is a buy with a stop loss of Rs 928 and target of Rs 972." "UPL is up 150 points. It can correct 35-40 points but the reason why it went up and the triggers that it has, I won’t imagine the stock going below Rs 560. The problem is things are running up way too fast, the moving averages are not able to catch up and then at some point they consolidate. So, this is a consolidation/correction and at some point UPL, M&M Financial Services and SKS Microfinance which are also correcting, all of these stocks will get into their previous mode.""At about Rs 44, Orient Paper is kind of breaking out and I think levels of Rs 55-56 are possible but these are all stocks which should be part of your portfolio. They are not clearly great trading stocks as you would call them but definitely it is in an uptrend and possibly headed high."