HomeNewsBusinessTech Mahindra to move higher, Interglobe Aviation may test Rs 1800: Ashwani Gujral

Tech Mahindra to move higher, Interglobe Aviation may test Rs 1800: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that Tech Mahindra can move higher while Interglobe Aviation may test Rs 1800.

August 01, 2017 / 12:11 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "IT stocks I think are ready for some sort of a decent trading rally. So, Tech Mahindra should move higher. Interglobe Aviation probably will cross its listing high. So, that becomes important because everybody who is losing money now starts to make money. So, chances are that we could see over a period of time Interglobe heading towards Rs 1,800."
"Sintex Industries is now getting into a strong uptrend. I would not be surprised if it gets as high as Rs 48-50 from here."
"LIC Housing Finance appears to be headed towards its 200-day moving average around Rs 620. However, for the moment, since the entire sector is positive, maybe you will give it benefit of doubt. Around Rs 620-640, that sort of zone, maybe you can try to buy it. However, overall there are better NBFCs out there, so, maybe look at those."
"Yes Bank is a buy with a stop of Rs 1,820 and target of Rs 1,865. Hindustan Unilever (HUL) is moving fairly strongly. That is a buy with a stop of Rs 1,150 and target of Rs 1,200."
"Petronet LNG is a buy with a stop of Rs 203 and target of Rs 217. The stock has gone through a fairly sharp correction towards its 200-day moving average. IGL is probably more in a trend mode. So, the call is on Petronet. However, BPCL, Chennai Petro, these stocks are also moving, so, possibly there is upside on all of these energy stocks."
"MRPL is not the strongest, it has these random moves, but nothing eventually comes out of it," he added.

first published: Aug 1, 2017 11:19 am

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