Moneycontrol
Jan 03, 2012 08:21 PM IST | Source: CNBC-TV18

Bull's Eye: Short Shree Renuka; buy RIL, Eros Intl, GVK

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.


Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.


Remember these stocks ideas not just for the day, but stocks that look attractive in the medium-term as well.


This week, SP Tulsian, Nooresh Merani and Aashish Tater battle it out for top honours.


Below their top stock picks and analysis:


SP Tulsian, sptulsian.com


Buy IFCI with a target of Rs 24 and keep a stoplos at Rs 21.95


Buy call on IFCI with a day target of Rs 24 and stop loss of Rs 21.95. The buy call has been given mainly because yesterday delivery based buying of over 1.40 crore shares have been seen on BSE-NSE put together which came at the last couple of hours and this may see the short covering getting covered today and tomorrow and hence a buy call on the stock.


Buy Eros International with a target of Rs 222 and keep a stoploss at Rs 208


Buy call on Eros International with a day target of Rs 222 and stop loss of Rs 208. The company has given it's plans of releases in first half of 2012 where 3-4 block busters are lined up and that has cheered the market and we have seen the renewed interest coming back into the stock in the form of new renewed buying from the informed circle and hence a positive call.


Buy IVRCL Infra with a target of Rs 31 and keep a stoploss at Rs 28.45


Buy call on IVRCL with day target of Rs 31 and stop loss of Rs 28.45. In fact this is the only infrastructure stock which has been holding for last 15 days or so and in fact the delivery based buying on small levels have been seen happening for last 15-20 days largely on the move and hopes that management of the company is serious in monetizing the assets of the company which are held by the company in the form of real estate and investments in other listed subsidiaries and hence a positive call on the stock.


Buy Welspun Corp with a target of Rs 90 and keep a stoploss at Rs 85


Buy call on Welspun Corp with a day target of Rs 90 and stop loss of Rs 85. This company has completed it's one year ban of SEBI and in fact the company has made a private equity placement of it's shares at Rs 225 per share about 3-4 months back and the company in fact had plans to retire it's FCCB liability as also make use of that funds for other purposes and hence market is quite happy to see that in this time of crisis when the companies are all debt ridden this company is having such a huge war chest.


Aashish Tater, Fort Share Broking


Short Reliance Capital with a target of Rs 215 and keep a stoploss at Rs 241


Short call on Reliance Capital. The idea on Reliance Capital is basically a short that we have been suggesting our clients as a better exit at any point of time because each and every quarter that we see the result we get disappointed and we feel the targets are much lower than current levels.


Short Shree Renuka Sugars with a target of Rs 23.85 and keep a stoploss at Rs 25.6


Short call on Renuka Sugar. As we suggested earlier also that the stock actually dwindled right from inflection point of Rs 26.50. Thus we feel the stock is finding very difficult to cross this particular resistance and there is a higher possibility that this time the stock on the lower side will be broken. Thus one can look into shorting opportunity into Renuka Sugar.


Buy GVK Power with a target of Rs 13.45 and keep a stoploss at Rs 12


Long call on GVK Power & Infrastructure. At current market price we feel there could be chances of price correction but fundamentally I do not see any reason why the stock should be trading at Rs 11-12. We have a medium term target of close to Rs 19.75 on the stock


Buy Deccan Chronicle with a target of Rs 34.5 and keep a stoploss at Rs 33.1


Long call on Deccan Chronicle. We always suggest that there is a short term pain in Deccan Chronicle and a long term gain and thus we feel that short term pain is about to get over around at Rs 27-29 odd mark which we feel is the worst case scenario for the stock. The company had a recent buy back at much higher level. So at current market price we see that if someone goes for staggered purchase right from that Rs 27-35 odd mark he will get good returns in days to come.


Nooresh Merani, AMSEC Research


Buy Tata Global Beverage with a target of Rs 94 and keep a stoploss at Rs 87

Buy on Tata Global. The stock has made a good bottoming out formation in the zone of Rs 80 to 85 and over the last few weeks it

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