Sell Bharat Forge, Ashok Leyland: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Bharat Forge has been in a decline and that decline does not seem to be stopping. It had some rally because of defence FDI newsflow but that gave up yesterday. So Bharat Forge is a sell with a stop loss of Rs 750, target of Rs 700.""Ashok Leyland has reversed its rally from levels lower than earlier. So that is a sell with a stop loss of Rs 103, target of Rs 94,"he said."Punjab National Bank (PNB) looks good, Oriental Bank of Commerce looks good but these rallies can be short-lived if the bad news continues. So maybe you can see Rs 110-115 on PNB but there are much better trades, I would rather buy M&M Financial Services or SKS Microfinance, I don’t think I would get into a PSU banks," he added."Given that pharma is having a bad time, so whenever pharma turns, I won't be surprised if Biocon gets to levels of Rs 1,000. So it is having a flat correction and good newsflow, so it is likely to outperform the pharma space."