Tech Mahindra may test Rs 650, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I believe Tech Mahindra has bottomed out given the size of the move and given that it’s been through a strong bear market. Possibly in the next few months you will get targets closer to Rs 650."He further added, "Hero Motocorp with this monsoon etc., happening chances are you will get targets of Rs 3,800. Both these two-wheeler stocks Bajaj Auto and Hero Motocorp are showing good traction.""For Reliance Industries Rs 930-950 is a strong bottom and from here if the market has further to go possibly Reliance will get right up to Rs 1,050-1,060," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.