Ashwani Gujral on February 14: Buy Indusind Bank & sell BPCL, ONGC

The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Ashok Leyland, Punjab National Bank, Bharat Electronics, Tech Mahindra, Hexaware, HPCL, Reliance Industries, Maruti Suzuki, Indraprastha Gas, L&T Finance, Can Fin Homes, Bharat Financial Inclusion, Balrampur Chini, Bharti Airtel, Hindalco, HEG, YES Bank, Indian Oil, Oil India, BPCL, ONGC, and Indusind Bank.

Stock specific, Gujral said, "BPCL is a sell with a stop of Rs 220 target of Rs 205. ONGC is a sell with a stop of Rs 133 target of Rs 120 and Indusind Bank is a buy with a stop of Rs 1,510 target of Rs 1,565."

"YES Bank is now back up to 25 percent so there is follow through buying. That is a buy with a stop of Rs 204 target of Rs 221. Indian Oil is a sell with a stop of Rs 128 target of Rs 114 and Oil India is a sell with a stop of Rs 175 target of Rs 162."

“Balrampur Chini is a buy with a stop of Rs 110 and target of Rs 112. Bharti Airtel is a sell with a stop of Rs 305 and target of Rs 290. Hindalco is a sell with a stop of Rs 196 and target of Rs 183.”

Giving some more stock recommendations, Gujral said, “Indraprastha Gas (IGL) is a buy with a stop of Rs 275 and target of Rs 290. L&T Finance is a sell with a stop of Rs 124 and target of Rs 110. Can Fin Homes is a sell with a stop of Rs 254 and target of Rs 236.”

Speaking about individual stock ideas, Gujral said, “This level of Rs 80 on Ashok Leyland was very key and once that BS-IV news had happened, this was the low. So if it is breaking key lows, then there is more downside. For the moment if you see any auto stock, all rallies got sold into. So, Ashok Leyland is a sell with a stop of Rs 81 and target of Rs 74. Punjab National Bank (PNB) is a sell with a stop of Rs 73 and target of Rs 65. Bharat Electronics (BEL) is a sell with a stop of Rs 76 and target of Rs 70. Tech Mahindra is a buy with a stop of Rs 800 and target of Rs 835. Hexaware is a buy with a stop of Rs 360 and target of Rs 376.”

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