Ashwani Gujral on January 1: Buy Bf Utilities & sell Adani Enterprises, Tata Steel

Recommending specific stocks, Gujral said, “REC is a sell with a stop of Rs 124 target of Rs 112. NIIT Technologies is a buy with a stop of Rs 1,140 target of Rs 1,175 and Hindustan Unilever (HUL) is beginning to give up a lot of its gain so that is a sell with a stop of Rs 1,820 target of Rs 1,765.”

“Sundram Fastener is a buy with a stop of Rs 534 and target of Rs 560. HDFC Bank is sell with a stop of Rs 2,130 and target of Rs 2,065. BEML is a sell with a stop of Rs 910 and target of Rs 875.”

Stock specific, Gujral said, “IndusInd Bank is a sell with a stop of Rs 1,600 and target of Rs 1,540. ICICI Bank is a sell with a stop of Rs 1,970 and target of Rs 1,925. United Spirts is a sell with a stop of Rs 631 and target of Rs 610.”

On stock specific recommendations, Gujral said, “Pharmaceutical space late afternoon started moving. So Aurobindo Pharma is a buy with a stop of Rs 726 and target of Rs 750. Pidilite has corrected; all of FMCG corrected yesterday, but this one has done more. So this is a buy with a stop of Rs 1,090 and target of Rs 1,135. Maruti Suzuki is a sell with a stop of Rs 7,500 and target of Rs 7,360. Kotak Mahindra Bank is a buy with a stop of Rs 1,240 and target of Rs 1,285. Hero MotoCorp is a sell with a stop of Rs 3,130 and target of Rs 3,050.”

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