Buy Shree Renuka and L&T, avoid Lanco and Praj: Ashwani Gujral

In an interview with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about Adani Enterprises and United Phosphorus.

Lanco Infra from the entire infra basket one of the bets there at 55.5 would you add positions to your already existing shares in the Lanco infra and Praj Inds. at 76.5 what would you do, what kind of positions would you take?

You would probably much better of trying to build positions in the large cap. Midcaps, small caps can wait they will probably come later so right now I would not be touching any of the midcaps, small caps type stocks. Right now if you want to buy infrastructure why not buy L&T at 1750 odd. Again these are all bets market needs to stabilise if you were falling 400 points a day, I do not think Praj will be able to survive. It tried to bounce back from the lows 75-80 seems to be a decent support but in this kind of carnage nothing will hold. If you want to buy sugar may be trying to buy Renuka sugar around 80 bucks is a much better buy.