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United Spirits has been recommended as a buy at current levels by Ashwani Gujral. Other stock on Gujral’s buy list is Ashok Leyland with stop loss of Rs 80 and target price of Rs 89.
Indian Stock markets opened strong on Monday and gained further ground during first few hours. The markets, however, could not sustain at higher levels and slipped during the last one hour of trading session. BSE Sensex closed at 9161 with a gain of 196 point. NSE Nifty closed 70 points higher at 2784. Buying was witnessed in select counters in Power, Telecom, Real Estate, Metals and Capital goods sectors.
BSE Sensex touched and intraday high of 9432 and a low of 9095.
BSE Auto index started the day stronger but towards of the end of the session, ended only 1.2% up. Banking, Capital Goods, Metals, PSU and Technology counters ended the day stronger. Midcap stocks were marginally down while smallcap stocks gained.
