Sell M&M Financial, Tech Mahindra; buy Tata Motors: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "IT stocks were dead and buried anyway and this news does not help. If somebody is a loyalist and one has to buy, Rs 950 or thereabouts is a level for Infosys and on Tata Consultancy Services (TCS) maybe Rs 2,100-2,200 is the kind of zone where you first think about buying because this will take time to work out. It is not like next quarter, everything will be okay. So, these stocks will give you ample time to get in and pick up slowly." "Mahindra & Mahindra Financial Services is a sell with a stop loss of Rs 332, target of Rs 310. Tata Motors is a buy with a stop loss of Rs 307, target of Rs 325. Tech Mahindra is a sell with a stop loss of Rs 520, target of Rs 485," he said.