SKS Micro may test Rs 720, VIP Industries Rs 135: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Stocks at new highs are good. You need to buy them on a correction. I think SKS Microfinance is now breaking new territory after big decline from Rs 1500 down to Rs 125. If we can sustain above say Rs 575, you can actually see levels of Rs 700-720 on SKS Micro.""VIP Industries after its strong move in last few days has again broken out, possibly Rs 132-135 is possible on the stock," he said."So, get into these new high stocks for sure but after they have corrected, not the day they hit new highs because then you could end up buying into a correction. Definitely, all of these stocks with a rural theme, with agri plays, rainfall theme, are tending to do much better than the rest of the market."