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."