Avoid Gujarat NRE Coke: Ashwani Gujral

Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his stock call


Whata re your views on Opto Circuits, Gujarat Fluorochemicals and Gujarat NRE Coke?

They all are similar midcap stories. On a good day you can find Opto Circuit at about Rs 255. Gujarat Fluoro used to be a strong stock. It has entered some kind of a corrective move and it is probably trying to bottom out at these Rs 340 to Rs 380 kind of zone. It is a decent buy today because it fell from about Rs 560 to about Rs 340. Good correction and chances are if midcaps continue to move higher you could see easily Rs 450 plus on Gujarat Fluoro. Gujarat NRE is a penny stock. I suspect there are some funny things going on out there with between Rs 90 and Rs 15 that is some range so I would not advice anybody to get into Gujarat NRE Coke.