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.