Buy Divis Laboratories, Bharat Electronics; sell Oil India: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Divis Laboratories has reversed from yesterday’s decline. So, probably yesterday was sort of a correction. So, Divis is a buy with a stoploss of Rs 865 and target of Rs 900."

"Oil India which was going up while the market was falling and that is correcting today. That is a sell with a stoploss of Rs 345 and target of Rs 330. Bharat Electronics is a buy with a stoploss of Rs 160 and target of Rs 172."

"Dr Reddy's Laboratories possibly will continue its pullback because it needs to touch Rs 2,650 to complete that pullback. So, Dr Reddy’s remains in some sort of a short term uptrend. Whether it is bottomed out for all times and it is now going to make new highs? That is something we need to decide beyond Rs 2,600-2,650. There was a bit of clarity that was coming in post the earlier Divis news, those waters have been muddied a bit, but if good news continues to come in, probably that will add to confidence."

"We tend to believe that bluechips remain bluechips to all times to come, but that is not the case. The better view is to get into a better company and a better stock. I think given the situation with the rupee, being with a good exporter is probably the right idea. So, try to buy into Motherson Sumi and out there if global economy, etc. is recovering, chances of making money are much better."

"If rural electrification could take stocks higher, we should have been a lot higher on REC. This is the typical worst kind of NBFC, government owned, investing in infrastructure, people don’t pay them back, etc. You want to get into a Bajaj Finance, Bajaj Finserv where the borrowers are better and they are better run companies. So, I would right now get into the best NBFCs, don’t even think of the second rung ones. So, L&T Finance, another similar price range type of stock, get into better stocks because all stocks have fallen but better stocks will probably do better over a period of time," he added.