Bullish on Jubilant: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in an interview with ET Now, gives his views on Jubilant Foodworks, Hindustan Copper, and DB Realtly


What are your views on Jubilant Foodworks, Hindustan Copper and DB Realtly?

Jubilant went through a sharp four-five day type correction and now is getting back towards those Rs 800 type highs. I would think it will take some time to cross Rs 800. So for the moment it is between Rs 675 and Rs 800.

DB Realty is a move that I would ignore if something falls from Rs 400 to Rs 75. Yes it can go up for one day that is not a big deal.

Hindustan Copper is probably up on some kind of news of divestment because copper probably is coming down, so this really kind of bottoms out above Rs 340 and is fairly volatile between level of Rs 260 and Rs 340, so a fresh trend really starts only above RS 340 and it would not be sustain unless other copper stocks like Hindalco, Sterlite etc. they also start moving higher. So probably Jubilant is the only one which looks worth buying.