Buy Indraprastha Gas, avoid aviation stocks: Ashwani Gujral

Sep 05, 2017 10:40 AM IST | Source: CNBC-TV18

Ashwani Gujral of ashwanigujral.com suggests buying IGL while advises avoiding aviation stocks.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “Indraprastha Gas (IGL) remains in a fairly decent bull market. So I think all declines on this should be bought. Even in this correction it has not come off, but if you have to buy for a day trade, you possibly want it to cross Rs 1,290. Overall we are expecting target of Rs 1,400-1,450 to come in. I don’t think that is being damaged in the current correction.”

“I don’t think much is coming out of Sintex Industries. It moves in Rs 30-36 type of band. So, I don’t think that is in a fairly strong uptrend.”

“Among Interglobe Aviation and Jet Airways, Jet Airways is probably the weaker of the two. So, if I have to buy one of these, probably Interglobe Aviation cuts the ice. However, there are better stocks which are at new highs while the market is still some point off. Overall, I don’t think these are strong stocks right now, so, aviation can be ignored,” he said.

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