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Ashwani Gujral on March 5: Buy L&T Finance, Kotak Mahindra Bank, & JSW Steel

Updated : March 05, 2019 02:38 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 Indiabulls Housing Finance, Can Fin Homes, State Bank of India (SBI), Bank of Baroda (BoB), Canara Bank, Punjab National Bank (PNB), Jindal Steel and Power Ltd (JSPL), Piramal Enterprises Ltd (PEL), Union Bank, Axis Bank, Tata Steel, Tata Motors, L&T Finance, Kotak Mahindra Bank, JSW Steel.

Recommending specific stocks, Gujral said, “L&T Finance is a buy with a stop of Rs 134 and target of Rs 142. Kotak Mahindra Bank is a buy with a stop of Rs 1,230 and target of Rs 1,265. JSW Steel is a buy with a stop of Rs 280 and target of Rs 301.”

“PSU banks are doing extremely well today. So Union Bank is a buy with a stop of Rs 78 and target of Rs 86. Axis Bank is a buy with a stop of Rs 710 and target of Rs 731. Tata Steel is a buy with a stop of Rs 510 and target of Rs 525.”

“Indiabulls Housing is a buy with a stop of Rs 688, target of Rs 710, Can Fin Homes is a buy with a stop of Rs 284, target of Rs 300 and SBI is a buy with a stop of Rs 270, target of Rs 284,” he said.

“Public sector undertaking (PSU) banks seem to be finding their mojo and they tend to have several good days bunched up. BoB is a buy with a stop of Rs 104, target of Rs 116. Canara Bank is a buy with a stop of Rs 240, target of Rs 254. PNB is a buy with a stop of Rs 74, target of Rs 82. JSPL is a buy with a stop of Rs 157, target of Rs 172 and PEL is a buy with a stop of Rs 2,350 target of Rs 2,430,” 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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