Buy ABG Shipyard on dips for Rs 480-485 target: Ashwani Gujral

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

What is your take on ABG Shipyard, Aqua Logistics, Raymond and Pratibha Industries?

Both ABG Shipyard and Raymond are fairly strong stocks. ABG looks like it is forming some kind of a base around Rs 340-360. It is now coming out of that. If the market is able to get towards 600, you will see ABG getting towards Rs 480-485. So on declines, this stock is a definitely buy.

Raymond tends to move up fairly sharply in any kind of good mid-cap rally. So you can buy it with a stop of about Rs 310. You could easily see targets of Rs 415-420, in case we start moving higher.