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Last Updated : Jul 05, 2017 12:28 PM IST | Source: CNBC-TV18

United Spirits, ITC should move higher; buy Avanti Feeds, sell GAIL, Arvind: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that United Spirits and ITC should move higher and has a buy on Avanti Feeds and sells on GAIL India and Arvind.


Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Venky’s is very interesting, from Rs 500 in the last five months it has almost tripled or gone up four times. I think there is some tailwind and possibly it can do even better. All this social media impact of possibly cow slaughter is having some impact there. So, chances are that could go up even another Rs 1,000, Rs 2,800-3,000. So that is something people should watch out for."

"Also, for the day I think Shriram Transport, Bajaj Finance and some of the NBFCs are coming back. Avanti Feeds is a buy with a stop loss of Rs 1,560 and target of Rs 1,630. It is again with that chicken theme kind of play."

"GAIL India is a sell with a stop loss of Rs 367 and target of Rs 350. Arvind is a sell with a stop loss of Rs 370 and target of Rs 354."

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"United Spirits is now headed towards Rs 2,800-3,000. I don’t think United Breweries is quite in the same league but I think slowly ITC, United Breweries, etc. the main problems in their life was probably tax and for liquor companies this highway issue, is slowly getting out of the way. I would think that both ITC and United Spirits should move higher. So, they are basically stocks where you have sufficient tailwind," he added.

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First Published on Jul 5, 2017 11:58 am
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