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Last Updated : Mar 01, 2017 11:40 AM IST | Source: CNBC-TV18

Buy Axis Bank, Ceat, Canara Bank; DLF may test Rs 170: Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Axis Bank, Ceat and Canara Bank while he feels that DLF may test Rs 170.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Axis Bank seems to be restarting its rally crossing its 200-day moving average (DMA). It is a buy with a stop loss of Rs 510, target of Rs 530. Ceat is also a buy with a stop loss of Rs 1,170, target of Rs 1,250. Public sector undertaking (PSU) banks have started off very well. So, Canara Bank is a buy with a stop loss of Rs 294, target of Rs 312."

"DLF, inspite of bad news, etc. has continued to move higher. Realty since morning is showing more strength. So, chances are that DLF gets upto levels of Rs 165-170 whenever the deal gets announced. There is more upside on real estate," he said.

"Indian Bank is a better performing bank than all other PSU banks including Vijaya Bank. So out there, we should expect at some point levels of Rs 345-350."

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First Published on Mar 1, 2017 11:36 am
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