Buy ITC, Marico; sell HUL: Ashwani Gujral

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

What is your take on ITC, HUL, and ad DLF?

My favourite is ITC, which is now a challenging all-time high. In DLF, probably the downside is limited but it will keep doing this Rs 200-245 type of range.

And for HUL, above Rs 300, there will be memories of last time. I would really look for a longer term trend if it crosses levels of Rs 320, otherwise if you have gotten around Rs 260. May be this is a good time to exit HUL. It seems there is some kind of a FMCG rally that's happening in the market. So maybe it is defensive buying. Maybe something is changing but HUL is not your best defensive stock. You could also probably look at Marico in the mid-cap space, which is also showing traction. Above Rs 145, we could easily get Rs 30-35 on the upside.