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Last Updated : Sep 26, 2017 01:53 PM IST | Source: CNBC-TV18

Sell Bata, Godrej Consumer; buy Jindal Drilling: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com advises selling Bata and Godrej Consumer.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Bata India is a sell with a stoploss of Rs 700 and target of Rs 665. Godrej Consumer is a sell with a stoploss of Rs 915 and target of Rs 880. Jindal Drilling is a buy with a stoploss of Rs 162 and target of Rs 174."

"Max Financial, State Bank of India (SBI), and Adani Ports, these are all dogs. So, if you ask me, I would sell off all three of them and then once this decline is kind of getting over, get into a Bajaj Finance which is a consumer stock, IGL which is a gas stock, and Motherson Sumi which is an exporter. I don’t think these three stocks are going to do a whole lot; SBI is in a clear bear market, Max Financial has not done a whole lot, and Adani Ports also at the best of time is not really performing up to speed. So I would clear out and buy these three new stocks."

"These rating companies, they move higher only if S&P or Moody’s, etc. are picking up any stake. Care Ratings is now at Rs 1,350, so if you take my advice, again get out and get into an HDFC Bank which is probably more stable and does not need triggers to move up. So Care ratings has fallen off quite a bit from the highs and possibly now not in an uptrend because it has broken its 200-day moving average. So, get into better stocks; that is a general advice that if you have things which are underperforming, at least get into outperformers by selling them,' he said.
First Published on Sep 26, 2017 01:40 pm