Ashwani Gujral of ashwanigujral.com on weekend said, "If you are holding Ashok Leyland while the bad news is there, there is no problem because when the good news starts coming, that would be the time to get worried. For Ashok Leyland, Rs 80 is a fairly strong support. My sense is it will not go there and it will probably move higher. At some point, good news will come in because if you are coming out with bad numbers, in some quarter, the base effect will catch up, etc. So it will be held on."
"On declines, I would think Rs 87 also will not come. But over a period of time, I will not be surprised if you get Rs 125-130," he said.
"These banks, either you should be a borrower or a lender or the government to be interested in them. Today, you see how Bajaj Finserv and Bajaj Finance have moved. Look at the results of Can Fin Homes. These things, the resolution, etc. will take time. There will be court cases, etc. Probably post that, they should be good buys, but if you are willing to take the pain, then maybe hold on, otherwise, there are 'N' number of good financials which are out there. ICICI Prudential probably has bottomed today. So, that is another good one. So, if I were you, I would move into ICICI Pru," he added.
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