HomeNewsBusinessStocksSell BoB, Apollo Tyres; buy L&T Finance Holdings: Ashwani Gujral

Sell BoB, Apollo Tyres; buy L&T Finance Holdings: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can sell bank of Baroda and Apollo Tyres and buy L&T Finance Holdings.

October 14, 2016 / 14:35 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Bank of Baroda (BoB) is a sell with a stop loss of Rs 156, target of Rs 144. L&T Finance Holdings is a buy with a stop loss of Rs 90, target of Rs 102. Apollo Tyres is a sell with a stop loss of Rs 223, target of Rs 210.""With the strong bearish trend in aviation stocks, maybe they have gone up for some reason but I don’t think they are in any sort of strong uptrend. There are two categories of stocks, the ones which are in bear markets and the ones, which are going through correction. I don’t think aviation stocks are going through any sort of correction, they are at best sideways. So I wouldn’t like to enter them, instead I would like to enter the gas stocks like IGL or Petronet LNG," he said.

first published: Oct 14, 2016 02:35 pm

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