In CNBC-TV18's popular show Bull's Eye, Ashish Kapur of Investshoppe shares trading strategy of the day.
Long Tilaknagar Industries with a target of Rs 65 and a stop loss at Rs 59.50. We believe that this market there are still opportunities on stock specific basis. Stocks of companies which are logging in good growth would still be attractive and Tilaknagar Industries is one such stock idea. The company has performed very well over the last two years. Last two years it has doubled its capacity and over the last 5-6 years it has increased its volume 10 times.
Buy Suven Life Sciences with a target of Rs 31 and a stop loss at Rs 27.50. It is a company which has a very unique and profitable model. Though the company is manufacturing variety of drugs and active ingredients the main focus is on contract research and manufacturing. We believe that the company will continue to enjoy good margins and good volume growth because of its clear focus and credibility in this line.
Buy Havells India with a target of Rs 675 and a stop loss at Rs 622. Havells is clearly a great beneficiary of the rising per capita income as well as the rising energy supply in this country. Though the power sector reforms have taken a back seat but we still believe that more and more areas especially the remote areas are going to get covered by power supply as we move forward.
Buy PTC India Financial Services with a target of Rs 15 and a stop loss at Rs 13.70. PTC was promoted to help funding needs of various entities in the power sector space. What we like about this company is a very robust business model with a very healthy spread of around 5.5 percent as well as net interest margin of almost 8 percent.