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Ashwani Gujral on February 28: Buy Federal Bank, Symphony & sell Reliance Infrastructure

Updated : February 28, 2019 02:03 PM IST

The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about ICICI Prudential, BEML, Tata Consultancy Services, Godrej Industries, Aurobindo Pharma, Ashok Leyland, ICICI Bank, Biocon, Yes Bank, Sun Pharmaceutical, Motherson Sumi, Kotak Mahindra Bank, RBL Bank, Max India, VIP Industries, Balrampur Chini, Reliance Industries, ITC, ONGC, Can Fin Homes, Federal Bank, Symphony, and Reliance Infrastructure.

"Reliance Infrastructure is a sell with a stop of Rs 126 target of Rs 114. Federal Bank is a buy with a stop of Rs 80 target of Rs 88 and Symphony is a buy with a stop of Rs 1,285 target of Rs 1,330."

“ITC is a sell with a stop of Rs 278 target of Rs 264. ONGC is a buy with a stop of Rs 142 target of Rs 154 and Can Fin Homes is a buy with a stop of Rs 262 target of Rs 276,” he added.

“VIP Industries is a buy with a stop of Rs 400 and target of Rs 425. Balrampur Chini is a buy with a stop of Rs 126 and target of Rs 128. Reliance Industries is a buy with a stop of Rs 1,230 and target of Rs 1,265,” he said.

“Motherson Sumi is a buy with a stop of Rs 156 and target of Rs 168. Kotak Mahindra Bank is a buy with a stop of Rs 1,200 and target of Rs 1,245. RBL Bank is a buy with a stop of Rs 573 and target of Rs 590," Gujral said.

Speaking about individual stock ideas, Gujral said, “ICICI Prudential is a buy with a stop of Rs 315 and target of Rs 332. BEML is a buy with a stop of Rs 830 and target of Rs 855. Tata Consultancy Services (TCS) is a buy with a stop of Rs 2,045 and target of Rs 2,090. Godrej Industries has completed some correction. That is a buy with a stop of Rs 490 and target of Rs 515. Aurobindo Pharma is very near its 200 day moving average. So that is a buy with a stop of Rs 710 and target of Rs 735.”

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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