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Ashwani Gujral on November 30: Buy Hexaware; Sell ICICI Bank & Hindustan Unilever
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Ashwani Gujral on November 30: Buy Hexaware; Sell ICICI Bank & Hindustan Unilever
Nov 29, 2018 11:52 PM

The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today.

He also spoke at length on Asian Paints, M&M Finance, Ceat, Havells, Bajaj Auto, Reliance Industries, Ashok Leyland, Cipla, Aurobindo Pharma, VIP Industries, Apollo Hospitals, Union Bank, HPCL, Bata, Hexaware, ICICI Bank, Hindustan Unilever, Future Consumer, Future Retail, United Spirits.

Gujral recommended, "Hexaware is a buy with a stop of Rs 318 and target of Rs 335. Hindustan Unilever is a sell with a stop of Rs 1,765 and target of Rs 1,720. ICICI Bank is a sell with a stop of Rs 362 and target of Rs 346."

Recommending specific stock ideas, Gujral said, “Union Bank is a sell with a stop of Rs 82 and target of Rs 70. HPCL is a sell with a stop of Rs 241 and target of Rs 226. Bata is a buy with a stop of Rs 1,025 and target of Rs 1,060.”

“Aurobindo Pharma is a buy with a stop of Rs 798 target of Rs 820. VIP industries is a buy with a stop of Rs 529 target of Rs 550 and Apollo Hospitals is a buy with a stop of Rs 1,275 target of Rs 1,320.”

“Reliance Industries is strong so that gives the Nifty in good shape. This is a buy with a stop of Rs 1,170 target of Rs 1,215. Ashok Leyland is a beginning to move higher that is a buy with a stop of Rs 110 target of Rs 121 and Cipla has tested very key levels Rs 550-520 and from there it is getting a bounce back so this is a buy with a stop of Rs 528 target of Rs 550.”

“The issue with NBFC is not news, the issue is over ownership so each time they go up something else happens and they are brought down. When private banks are doing well, largecaps are doing well I don’t think NBFCs really make the cut. Although one or two like M&M Financial etc. they are looking good but as a group they are not.”

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.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

First Published:Nov 30, 2018 8:52 AM IST

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