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

He said: “If you want stocks which are consistently moving higher I think the asset managers and the insurance stocks, including SBI Life Insurance Company and ICICI Prudential Life Insurance and HDFC Asset Management Company those are places which are not impacted by market choppiness, chances are big players are building positions there.

"That is a place where portfolio guys can enter, these guys are doing much better than corporate banks etc."

Gujral's recommendations:

ICICI Prudential

"ICICI Prudential that is a buy with a stop at Rs 478 target of Rs 500."

HDFC AMC

"HDFC Asset Management is a buy with a stop of Rs 3,000 target of Rs 3,150."

Jubilant FoodWorks

"Jubilant FoodWorks is just kind of resting at intermediate highs and a further upside rally on Jubilant FoodWorks can happen. This is a buy with a stop of Rs 1,500 target of Rs 1,610."

Avenue Supermarts

"Avenue Supermarts continues to hit fresh highs, so that is a buy with a stop of Rs 1,900 target of Rs 1,965."

TVS Motor

"TVS Motor as with other auto stocks has crossed its 200 day moving average recently. Often the smaller stock tends to perform better than larger stocks, so this is a buy with a stop of Rs 450 target of Rs 485.”

Follow stock recommendations by Ashwani Gujral here.

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First Published:Oct 29, 2019 10:24 AM IST