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Ashwani Gujral on November 2: Buy JSPL, HDFC Bank, & Motherson Sumi

Updated : November 02, 2018 03:10:33 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 Divi's Laboratories, Interglobe Aviation, BEML, L&T Finance Holdings, Axis Bank, Tata Steel, Maruti Suzuki, Bajaj Finance, HDFC Bank, Bank of Baroda, Bajaj Finserv, Punjab National Bank, Reliance Infrastructure, Hero Motocorp, JSPL, Motherson Sumi, and Tata Motors.

Gujral said, "JSPL is a buy with a stop of Rs 184 and target of Rs 196. HDFC Bank is a buy with a stop of Rs 1,910 and target of Rs 1,965. Motherson Sumi is a buy with a stop of Rs 172 and target of Rs 186."

Ashwani Gujral individual stock ideas are, "Punjab National Bank is a buy with a stop of Rs 74 target of Rs 82. Reliance Infrastructure is a buy with a stop of Rs 374 target of Rs 390 and Hero Motocorp is a buy with a stop of Rs 2,900 target of Rs 3,030."

He said, "Buy HDFC Bank that is a buy with a stop of Rs 1,910 target of Rs 1,960 and short covering possibly still is available out there. Bank of Baroda is a buy with a stop of Rs 109 target of Rs 120 and  Bajaj Finserv is buy with a stop of Rs 5,500 target of Rs 5,850."

“Tata Steel is a buy with a stop of Rs 565 target of Rs 590. Maruti Suzuki is a buy with a stop of Rs 6,850 target of Rs 7,150 and Bajaj Finance is a buy with a stop of Rs 2,420 target of Rs 2,540," he said.

He also added, “Anything that benefits from lower crude prices that should outperform. Other than that I think overall financial should outperform because that is a major beneficiary of lower crude so L&T Finance Holdings is a buy with a stop loss of Rs 132 target of Rs 144. Axis Bank is a buy with a stop of Rs 597 target of Rs 620."

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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