Ashwani Gujral recommends buy Union Bank, PNB, IFB Industries, BEML:
Posted: Tue Feb 07, 2017 9:46 am
Buy Union Bank, PNB, IFB Industries, BEML: Ashwani Gujral
PSU banks moved up almost 3 percent on Friday, so, I think there could be follow through there, particularly these could be spaces where still some shorts could be in. So, Union Bank of India is a buy with a stop loss of Rs 163 and target of Rs 177."
"Punjab National Bank (PNB) is a buy with a stop loss of Rs 145 and target of Rs 160," he said.
"I think midcaps will participate with more gusto now, so, IFB Industries is a buy with a stop loss of Rs 590 and target of Rs 615."
"BEML is consolidating and looking ready to break out. That is a buy with a stop loss of Rs 1,240 and target of Rs 1,300."
"Himatsingka Seide is a buy with a stop loss of Rs 360 and target of Rs 382."
PSU banks moved up almost 3 percent on Friday, so, I think there could be follow through there, particularly these could be spaces where still some shorts could be in. So, Union Bank of India is a buy with a stop loss of Rs 163 and target of Rs 177."
"Punjab National Bank (PNB) is a buy with a stop loss of Rs 145 and target of Rs 160," he said.
"I think midcaps will participate with more gusto now, so, IFB Industries is a buy with a stop loss of Rs 590 and target of Rs 615."
"BEML is consolidating and looking ready to break out. That is a buy with a stop loss of Rs 1,240 and target of Rs 1,300."
"Himatsingka Seide is a buy with a stop loss of Rs 360 and target of Rs 382."