HDFC Bank may hit Rs 1600, Eicher Motors Rs 27000: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that HDFC Bank may hit Rs 1600 while Eicher Motors may test Rs 27000.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The interesting bit is that Uday Kotak did not announce any acquisition. NPA – we are waiting for last five days, nothing concrete but still the bank Nifty rallies. So, that shows that with or without news it is moving on."

"I think HDFC Bank since morning was showing a breakout and next target here could be Rs 1580-1600."

"Similarly, Eicher Motors again is a slow starter, it didn’t really participate in this rally and now is moving on. So, maybe Rs 26500-27000 is likely on Eicher," he said.

HDFC Bank, L&T Finance Holdings are top picks: R Sreesankar

R Sreesankar of Prabhudas Lilladher is of the view that HDFC Bank and L&T Finance Holdings are the top picks.

R Sreesankar of Prabhudas Lilladher told CNBC-TV18, "We continue to have our top pick as HDFC Bank. That has been there as a top pick for almost three years right now. It continues to be there."

"State Bank of India, IndusInd Bank and Kotak Mahindra Bank has been our top pick and we still continue to hold on to those top picks."

"We have L&T Finance Holdings as one of the NBFC which is there in the top picks and we continue to have it. We still continue to like that stock."

IRB Infrastructure looks attractive, prefer Dalmia Bharat: Mehraboon Irani

Mehraboon Irani of  Nirmal Bang Securities told CNBC-TV18, "Once the market looks expensive, the fact that there is momentum, there is money coming into the market and honestly there are not too many major headwinds. If the US Health Bill goes through today, it could for all you know have a gap up opening Monday. If it does not go through, it will be a big blow to Donald Trump's policy credibility. I am quite sure somewhere that it will go through." 

"I believe that cement and infrastructure could be the space which could attract attention in the days to come because if you believe in the India story, apart from the financial sector which I think I was already asked on, I think infrastructure and cement are the next best space to be in. In that. I continue to like a stock which I have been backing from Rs 350 level, which is Dalmia Bharat," he said.

"In infrastructure, I somewhere feel that IRB Infrastructure is a stock which should be readying itself for a move. It has done nothing much in this entire rally with the midcaps and smallcaps are seeing. So, at Rs 230-235 the stock is looking very attractive in terms of valuations." 

"If you believe that things are going to pick up pace in the infrastructure sector, I think this is the stock which should benefit a lot. So, I would go with Dalmia Bharat in the cement pack and IRB Infrastructure in the infrastructure sector."

Buy Bank of Baroda; Jet Airways may test Rs 520, Indiabulls Housing Finance Rs 1010: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is recommends buying Bank of Baroda while Jet Airways may test Rs 520 and Indiabulls Housing Finance Rs 1010.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "PSU banks could have some more rally because a lot of short positions were there. They had reached these supports. So possibly, Bank of Baroda can be bought. You are likely to see targets of Rs 185 or thereabouts in the next weeks itself."

"Aviation picked up over the week and Jet Airways is now trading above its 200-day moving average. Out there, we could see target of about Rs 520. Indiabulls Housing Finance is an extremely strong stock. Out there we should see target of Rs 1,010," he said.

Buy Mahindra & Mahindra; target of Rs 1546: Motilal Oswal

Motilal Oswal is bullish on Mahindra & Mahindra has recommended buy rating on the stock with a target price of Rs 1546 in its research report dated March 22, 2017.

Motilal Oswal's report on Mahindra & Mahindra

M&M is the best play among key auto OEMs on the rural market recovery, with highest revenue contribution from rural markets. For M&M, rural market contributes 56% to revenues, 77% to S/A PAT and 75% to SOTP. We expect rural markets to fully recover from impact of demonetization from 1QFY18 onwards.

Outlook

M&M is one of the cheapest large cap auto stock with valuations of 17x/14.2x FY18/19E consol EPS and 15.2x/12.8x on core PE basis (adj for value in subs after 20% Holdco discount). Maintain Buy with TP of INR 1,546 (FY19 SOTP based).

Buy BEML on declines, says Prakash Gaba

According to Prakash Gaba of prakashgaba.com, one may buy BEML on declines.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "BEML is a good stock, it is trading closer to all time high, 52-week high. It is heading to levels closer to Rs 1,600 zone. It has given a good breakout at levels closer to Rs 1,100 zone. If get dips, those are buying opportunities. It is best to hold on."

BEML ended at Rs 1,300.75, down Rs 18.45, or 1.40 percent on the BSE.

The share touched its 52-week high Rs 1,356.00 and 52-week low Rs 770.15 on 27 February, 2017 and 23 November, 2016, respectively.

Expect 8-10% rally in HPCL, BPCL; ITC may head to Rs 315-320: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that HPCL and BPCL may rally by 8-10 percent while ITC may head towards Rs 315-320.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Oil marketing has gone through a decent correction. Even while the market was coming down, HPCL was moving up, so risk reward is extremely favourable. Similarly, ITC came off a little bit. But again, it was showing strength going to the close. The stock is looking likely for Rs 315-320. Similarly both HPCL and BPCL, look like they are in for an 8-10 percent rally."

ITC closed at Rs 281.05, up Rs 3.15, or 1.13 percent. The share touched its 52-week high Rs 291.95 and 52-week low Rs 212.88 on 07 February, 2017 and 06 May, 2016, respectively.

Buy Sundram Fasteners, Jindal Steel & Power, DCB Bank : Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Sundram Fasteners, Jindal Steel & Power and DCB Bank.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Sundram Fasteners is a buy with a stop loss of Rs 376, target of Rs 394. Jindal Steel & Power (JSPL) has had a large rally, metals are bit weak, so that is a sell with a stop loss of Rs 131, target of Rs 120. DCB Bank after a big rally is showing some corrective zone. So that is a sell with a stop loss of Rs 164, target of Rs 152."

"Basically, the newsflow in telecom stocks is over and not only, Idea Cellular, Bharti Airtel, etc - it is not like they will merge and suddenly become very profitable companies. The road ahead is pretty murky. So, today is a good time to get out of telecom stocks, maybe even go short at Idea because I think it will again get back to those Rs 75-80 zones. So, telecom stories for the moment seems over," he added.

Hold Coal India, says Gaurang Shah

According to Gaurang Shah of Geojit BNP Paribas, one may hold Coal India.

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have a hold recommendation on Coal India. The long-term time horizon in terms of months, our sense is that if you are associated with mining or dredging or exploration of oil and gas then your time horizon has to be at least a year and a half – two plus that is how the effective investment will give you great returns as these are long gestation projects and execution may have a little bit of problem."

"Overall with one and a half –two years plus kind of time horizon you can definitely hold on to it. Our belief is that the production will scale up, the washeries are going to get added and the quality of coal is going to improve. So, with that view I think you should have decent quarter-on-quarter numbers, so hold on to it in case if your time horizon is about year and a half- two," he added.

Buy Unichem Labs, Aurobindo Pharma , PC Jeweller: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Unichem Labs, Aurobindo Pharma and PC Jeweller.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Unichem Labs is a buy with a stop loss of Rs 287, target of Rs 304 and Aurobindo Pharma with a stop loss of Rs 695, target of Rs 730."

"PC Jeweller is also a buy with a stop loss of Rs 434, target of Rs 460," he added.

Buy Kaveri Seed Company, Oriental Bank of Commerce, PC Jeweller: Sandeep Wagle

Sandeep Wagle of powermywealth.com recommends buying Kaveri Seed Company, Oriental Bank of Commerce and PC Jeweller.

Sandeep Wagle of powermywealth.com told CNBC-TV18, "Buy Kaveri Seed Company with a stop loss at Rs 543 and target of Rs 564 and Oriental Bank of Commerce with a stop loss at Rs 130 and target of Rs 141."

"Buy PC Jeweller with a stop loss at Rs 427 and target of Rs 460," he added.

Buy Allahabad Bank, can climb to Rs 74-75: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I was looking at one of the PSU banks which is Allahabad Bank. It looks like it is at the place where you can buy it. Good strong support is in the vicinity around Rs 70 or so."

"Looks like it can climb to levels closer to Rs 74-75 in days to come. So, Allahabad Bank certainly is looking good to me," he added.

Source: http://www.moneycontrol.com