Hold Tata Steel; buy Indiabulls Housing, Ashok Leyland: Ashwani Gujral

Hold Tata Steel; buy Indiabulls Housing, Ashok Leyland: Ashwani Gujral

Ashwani Gujral of Ashwanigujral.com told CNBC-TV18: “Once we pass Rs 505 on Tata Steel, I think there will be a lot of short coverage and that Rs 575-580 could be a possible target.So, The people who are fortunate enough to have Tata Steel around Rs 420-430, they should continue to hold. “Today is not the day of sale.”

“Today is a good day for the NBFC, so Indiabulls Housing after a strong correction is progressing. It is a purchase with a loss of Rs 1,070 and a target of Rs 1,120”.

“IGL, Mahanagar Gas, all these gas stocks are going well, so it’s a purchase with a loss of Rs of 1,000 and a target of Rs 1,065.”

“Ashok Leyland moves higher. It’s a purchase with a loss of Rs 85 and a target of Rs 97.”

“You can say that JSW Steel is slightly stronger than Tata Steel as stock.So, maybe you could get Rs 225-230 as it hits new intermediate tops.However, I think I would go with Tata Steel as it seems something Something changes, some operational changes in the UK happen, what you hear at the press conference.So, Tata Steel is a much better stock to buy today rather than JSW Steel .

“Strong sectors when they come out with bad numbers, which could be a temporary phenomenon, should be used to buy, but wait until this drop ends. Has passed his 50 days of moving On average, also because someone is moving, if someone moves, someone else will enter, so this is a time to accumulate Capital First, people Who could not participate the last time.But I think the NBFC as a group are going to continue to move higher.These two stocks probably need a turnaround but Edelweiss maybe if you get Rs 10-15 cheaper, it should be bo

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