Aurobindo Pharma good buy among pharma stocks: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his investment ideas.

What is your take on Aurobindo Pharma?

Aurobindo Pharma corrected fairly sharply on the news, and Rs 155-160 is now a good base for Aurobindo Pharma. On the upside, it will face severe resistance around Rs 225-230. It is a good buy. These pharma companies are the best when bad news comes in and they collapse. You buy them out there and finally when they do get good news, you tend to book your profits. So, it is important that people tend to enter these stocks properly and this one, the entry here is about Rs 155-160.