Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “Engineers India (EIL) is a buy with a stop loss of Rs 150 and target of Rs 162. UltraTech Cement is a buy with a stop loss of Rs 3,900 and target of Rs 4,050. Future Lifestyle is a buy with a stop loss of Rs 340 and target of Rs 362.”
“Basically I am neutral on Infosys. If it gets closer to Rs 900, you buy. If it gets closer to Rs 1,100, you sell. I don’t think there are any sort of strong trends in Infosys.”
“Today basically PSUs are seeing a bit of life. However, Coal India is probably the worst PSU stock to buy. I think I would still go with BEML, BEL, etc. because that is what is showing life along with oil marketing,” he added.