HomeNewsBusinessStocksGo long in NBFC stocks on dips, can give 25-40% return: Gujral

Go long in NBFC stocks on dips, can give 25-40% return: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy NBFC stocks including Capital First on correction as the stocks can give 25 to 40 percent return if Nifty breaks 9000.

March 09, 2017 / 11:09 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The smaller stocks like Edelweiss Financial, L&T Finance Holdings look the best. I think Bajaj Finserv has also corrected. So, overall this is an NBFC bull market. So, each time they correct for a reason or without a reason you should get long on them." "Basically, anything that is remotely close to an NBFC is doing well, so people can even buy Capital First and they have lots of upside possibly in the range of 25 to 40 percent on each one of them once the market breaks out of 9,000," he added."Berger Paints is quite sideways, so no great trend out there and we have to see whether this crude fall is sustainable. Minda Industries is like a favourite portfolio stock which you keep, I don’t think it is a great trading stock, but in Minda probably you could look at levels closer to Rs 625-650. So, these nedge plays will work while the markets are range bound."

first published: Mar 9, 2017 10:25 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!