Prefer to go long on Hindalco than Infosys: Ashwani Gujral

Ashwani Gujral, Fund Manager, Ashwanigujral.com in a chat with ET Now gives his views on Hindalco.

ET Now: Hindalco and Infosys on the charts?

Ashwani Gujral: I would prefer to go long on Hindalco rather than probably Infosys. Hindalco is trading close to its strong support of 108-110. So, chances are that any kind of bounce back could easily lead Hindalco back towards 130-135.

US market is beginning to show a resumption of uptrend. So, metals are likely to perform well. Infosys needs a long time to build a base and then come out of that. If I have to buy a stock large cap, I would still buy TCS and not Infosys.