Buy Jubilant Foodworks with target of 860: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check), shares his views on various stocks.

ET Now: What is your call on Jubilant Foodworks?

Ashwani Gujral: Jubilant Foodworks is a buy with a stop of about 770 and a target of 860. The action on this stock is confusing to the extent that sometimes it behaves like a defensive. At other times, it behaves like a consumption play. So this is probably the best stock that is holding up in the consumption space. We can call it a defensive enough consumption category.