Market guru Ashwani Gujral of ashwanigujral.com gave his verdict on important stocks for Wednesday’s trade in an interview with CNBC-TV18.

Gujral's stock recommendations:

Motherson Sumi

"I am looking at having some metals because that is sector that is just fresh on a breakout. Plus Motherson Sumi has been a favourite stock and now these overseas autos are trying to do well, so that is something you should buy," he said.

On the stock of the automobile parts maker, he added: "Motherson Sumi first large day and when that happens after extended decline it often shows you that there is more coming, so that is a buy with a stop of Rs 118 target of Rs 130."

Axis Bank

"Axis Bank yesterday did very well and again that is a stock that has kind of underperformed. So a mix of all kinds of stocks which are now showing you those large moves so Axis Bank is a buy with a stop of Rs 730 target of Rs 755."

JSW Steel

"JSW Steel has had a fresh move that is a buy with a stop of Rs 229 target of Rs 244."

Maruti Suzuki

"Maruti Suzuki was a call yesterday, it continues to be a call because this is a stock where people are showing you re-entry. So this is a buy with stop of Rs 7,680 target of Rs 7,800."

Tata Steel

"Tata Steel is a buy with a stop of Rs 384 target of Rs 402."

Follow stock recommendations by Ashwani Gujral here.

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First Published:Oct 30, 2019 9:11 AM IST