Bearish on Kamat Hotels: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his views on certain stocks


Which one would get your vote to perhaps even look at a buy despite the run-up, Kamat Hotels, Aegis Logistics and Sonata Software?

Kamat Hotels has started moving higher from Rs 75 odd and it is not showing a great pattern. Yes, it has moved higher today but there does not seem any kind of sustained uptrend. Aegis Logistics, entire group of these logistic companies. They have periodic moves but they are not able to make fresh highs and often tend to correct equally sharply. Aegis Logistics went to Rs 360, corrected back to Rs 230. Some kind of base building, yes, a trading move to about Rs 265-270 is possible but I am more interested in his list that is making 52-week highs. Those are the stocks where if you remain invested, those are the stocks that are creating wealth, so that list is much more important than stocks bouncing 5-8% from the lows.