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Ashwani Gujral on January 4: Buy Punjab National Bank, Coromandel International, & Union Bank

Updated : January 04, 2019 01:39 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 RBL Bank, HDFC Bank, Axis Bank, REC Ltd, Jet Airways, Reliance Infrastructure, Vedanta, HDFC, Hexaware, Tata Elxsi, SBI Life, Future Retail, Bank of Baroda, Canara Bank, State Bank of India, Punjab National Bank, Coromandel International, Union Bank, Yes Bank.

Recommending specific stock ideas, Gujral said, “Punjab National Bank is a buy with a stop of Rs 78 and target of Rs 86. Coromandel International is a buy with a stop of Rs 455 and target of Rs 480. Union Bank is a buy with a stop of Rs 88 and target of Rs 96.”

“Bank of Baroda is a buy with a stop of Rs 118 and target of Rs 126. Canara Bank is a buy with a stop of Rs 275 and target of Rs 292. State Bank of India (SBI) is a buy with a stop of Rs 290 and target of Rs 305,” he added.

“RBL Bank is a buy with a stop of Rs 565, target of Rs 590. HDFC Bank is a buy with a stop of Rs 2,100, target of Rs 2,165. Axis Bank is a buy with a stop of Rs 608, target of Rs 625,” he said.

"Hexaware is a sell with a stop of Rs 325 and target of Rs 310. Tata Elxsi is a sell with a stop of Rs 1,080 and target of Rs 965. SBI LIfe is a buy with a stop of Rs 606 and target of Rs 630," said Gujral.

“For the moment the markets are heading down. So you have to go out and sell. Even if it does rally, it gives you a better entry point. Jet Airways apparently is in a ban, so you have to do it in cash. That is a sell with a stop of Rs 252, target of Rs 237. Reliance Infra is a sell with a stop of Rs 295, target of Rs 280. Vedanta is a sell with a stop of Rs 191, target of Rs 180. HDFC is a sell with a stop of Rs 1,950, target of Rs 1,900 and REC is a buy with a stop of Rs 118, target of Rs 126,” he added.

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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