Sell L&T Finance Holdings, Can Fin Homes; buy VIP Industries: Ashwani Gujral

Oct 25, 2017 02:36 PM IST | Source: CNBC-TV18

Ashwani Gujral of is of the view that one can sell L&T Finance Holdings and Can Fin Homes and can buy VIP Industries.

Ashwani Gujral of told CNBC-TV18, “It is clear that NBFCs are taking a big knock. So both the Bajaj boys can come off quite a bit. So these are shorts that people should look at.”

“L&T Finance Holdings which I have been asking people to go long on, is a short term sell which means it is going in for a deep correction. So this is a sell with a stop loss of Rs 201 and target of Rs 190.”

“Can Fin Homes has broken its 200-day moving average; that is a sell with a stop loss of Rs 511 and target of Rs 495.  VIP Industries is a buy with a stop loss of Rs 278 and target of Rs 292,” he added.