Manappuram seems to be in a bit of a range: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Manappuram General Finance.

What is your take on Manappuram General Finance and Shriram Transport Finance?

Manappuram seems to be in a bit of a range. It hit lows of 90 and is now moving sideways. If you keep a stop loss of about 90 and if market remains stable, this could head towards 158-160.

Shriram Transport Finance has banking licence news. So they could be volatile based on that. But as of now. I would look at pure banking rather than trying to get into these stocks. They do not have any substantially stronger trends than the banking stocks.