Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Market

Ashwani Gujral on January 1: Buy Bf Utilities & sell Adani Enterprises, Tata Steel

Updated : January 01, 2019 02:36 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 Aurobindo Pharma, Pidilite Industries, Kotak Mahindra Bank, Maruti Suzuki India, Hero Motocorp, Wockhardt, Dewan Housing Finance, Hindalco, IndusInd Bank, ICICI Bank, United Spirits, Sundram Fastener, HDFC Bank, BEML, NIIT Technologies, REC, Hindustan Unilever, Adani Enterprises, Tata Steel, and BF Utilities.

"Adani Enterprises is a sell with a stop of Rs 160 target of Rs 148. Tata Steel is a sell with a stop of Rs 520 target of Rs 495 and Bf Utilities is a buy with a stop of Rs 217 target of Rs 232.”

Recommending specific stocks, Gujral said, “REC is a sell with a stop of Rs 124 target of Rs 112. NIIT Technologies is a buy with a stop of Rs 1,140 target of Rs 1,175 and Hindustan Unilever (HUL) is beginning to give up a lot of its gain so that is a sell with a stop of Rs 1,820 target of Rs 1,765.”

“Sundram Fastener is a buy with a stop of Rs 534 and target of Rs 560. HDFC Bank is sell with a stop of Rs 2,130 and target of Rs 2,065. BEML is a sell with a stop of Rs 910 and target of Rs 875.”

Stock specific, Gujral said, “IndusInd Bank is a sell with a stop of Rs 1,600 and target of Rs 1,540. ICICI Bank is a sell with a stop of Rs 1,970 and target of Rs 1,925. United Spirts is a sell with a stop of Rs 631 and target of Rs 610.”

On stock specific recommendations, Gujral said, “Pharmaceutical space late afternoon started moving. So Aurobindo Pharma is a buy with a stop of Rs 726 and target of Rs 750. Pidilite has corrected; all of FMCG corrected yesterday, but this one has done more. So this is a buy with a stop of Rs 1,090 and target of Rs 1,135. Maruti Suzuki is a sell with a stop of Rs 7,500 and target of Rs 7,360. Kotak Mahindra Bank is a buy with a stop of Rs 1,240 and target of Rs 1,285. Hero MotoCorp is a sell with a stop of Rs 3,130 and target of Rs 3,050.”

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

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.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV