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Ashwani Gujral on January 9: Buy State Bank of India, HDFC, & ITC

Updated : January 09, 2019 02:30 PM IST

The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today.

He also spoke at length on Punjab National Bank (PNB), Union Bank, Indian Bank, Canara Bank, Bank of Baroda, Infosys, Can Fin Homes, NIIT Technologies, Tata Steel, India Cements, Motherson Sumi Systems, Bata India, JSPL, Hindustan Petroleum Corporation, Federal Bank, RBL Bank, Kotak Mahindra Bank, Gruh Finance, State Bank of India, HDFC, ITC, and Axis Bank.

Recommending specific stock ideas, Gujral said, “State Bank of India is a buy with a stop of Rs 300 and target of Rs 321. HDFC is a buy with a stop of Rs 1,960 and target of Rs 2,010. ITC is a buy with a stop of Rs 283 and target of Rs 297.”

“Federal Bank is a buy with a stop of Rs 94 and target of Rs 102. RBL Bank is a buy with a stop of Rs 570 and target of Rs 584. Kotak Mahindra Bank is a buy with a stop of Rs 1,225 and target of Rs 1,270.”

Speaking about his stock recommendations Ashwani Gujral said, "OMCs are coming under the hammer so Hindustan Petroleum Corporation (HPCL) is a sell with a stop of Rs 244 target of Rs 228. JSPL is a sell with a stop of Rs 156 target of Rs 148 and Bata is a buy with a stop of Rs 1,120 target of Rs 1,175."

“Tata Steel is a sell with a stop of Rs 487 target of Rs 470. India Cements is a sell with a stop of Rs 92 target of Rs 86 and Motherson Sumi Systems is a buy with a stop of Rs 158 target of Rs 170.”

“PNB is a buy with a stop of Rs 79 target of Rs 87. Union Bank is a buy with a stop of Rs 90 target of Rs 102. Indian Bank is a buy with a stop of Rs 253 target of Rs 267. Canara Bank is a buy with a stop of Rs 284 target of Rs 298 and Bank of Baroda even after such large rallies it is still hanging around Rs 124 so there is lots of upside still to come.”

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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