Pick Jaiprakash Associates: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "From Rs 30 Jaiprakash Associates has lost more than half of its gains. But at some point, I think it should resume its rally."

"Somebody wanted to buy it at Rs 30, much better to buy it at Rs 16 and from there, you could see a bit of a rally. But overall, your stoplosses are fairly nearby, Rs 14 thereabout should be a stoploss. At some point, whenever the market recovers, it should get back above Rs 20," he said.