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

Buy Infosys, HCL Technologies: Sudip Bandopadhyay

Sudip Bandopadhyay, Market Expert told CNBC-TV18, "I have been positive on Infosys   even when the whole market was kind of negative. I think we got too much carried away by quarterly result expectations of analysts. It is a fundamentally strong company. They have been tweaking their model to get into IOT, artificial intelligence, digital and have been doing it pretty systematically." "Of course, going forward, US visa costs may go up, but that we believe will more than get compensated by currency depreciation, which we are witnessing currently. So, Infosys definitely is a good buy at current level," he said. "I would also flag off HCL Technologies   for the investors, again it is a great buy, business is rock solid, lot of good things they have done - acquisition of Volvo business unit and setting up a unit in Estonia. All these are excellent steps which will pay them handsome dividends. At current level, I think even HCL Technologies is a good buy."