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Ashwani Gujral on January 17: Buy Sobha, Sonata Software & sell Wockhardt

Updated : January 17, 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 Adani Port, NIIT Technologies, Union Bank, Bank of India, Indiabulls Housing, Interglobe Aviation, IDFC First Bank, Yes Bank, IndusInd Bank, Divis Laboratories, Kotak Mahindra Bank, Mahindra & Mahindra Finance, Reliance Infrastructure, ICICI Prudential, Canara Bank, Reliance Capital, Aditya Birla Capital, HDFC Bank, Engineers India, CESC, Sobha, Sonata Software and Wockhardt.

"Sobha is a buy with a stop of Rs 488 target of Rs 504. Sonata Software is a buy with a stop of Rs 319 target of Rs 334 and Wockhardt is a sell with a stop of Rs 510 target of Rs 495."

“HDFC Bank is a buy with a stop of Rs 2,100 and target of Rs 2,145. Engineers India is a sell with a stop of Rs 122 and target of Rs 114. CESC is a sell with a stop of Rs 692 and target of Rs 670,” Gujral said.

Recommending more stock specific ideas, Gujral said, “NIIT Technologies is a buy with a stop of Rs 1,200 and target of Rs 1,265. Canara Bank is a sell with a stop of Rs 277 and target of Rs 264. Reliance Capital is a sell with a stop of Rs 225 and target of Rs 210.”

Giving some more stock recommendations, Gujral said, “M&M Finance is a buy with a stop of Rs 450 and target of Rs 475. Reliance Infrastructure is a sell with a stop of Rs 312 and target of Rs 295. ICICI Prudential is a buy with a stop of Rs 345 and target of Rs 370.”

Speaking about individual stock ideas, Gujral said, “Adani Port is a buy with a stop loss of Rs 384 and target of Rs 412. NIIT Technologies is a buy with a stop loss of Rs 1,195 and target of Rs 1,240. Union Bank is a buy with a stop loss of Rs 94 and target of Rs 102. Bank of India is a buy with a stop loss of Rs 103 and target of Rs 110. Indiabulls Housing is a buy with a stop loss of Rs 820 and target of Rs 860.”

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.
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