In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, Fairwealth Securities shares trading strategy of the day.
Buy Infotech Enterprises with a target of Rs 185 and a stoploss Rs 178.50. I expect a good set of numbers from Infotech Enterprises and we have been seeing that IT stocks in the non BFSI space have been performing better. So, this is a stock that I buy with a target of Rs 185.
Buy Timken with a target of Rs 230 and a stoploss at Rs 222. Once again result based stock, results are expected. This is a multinational whose products are used in a lot of the core sector. So, a good set of numbers expected from Timken but also it’s a delisting candidate so if you were to hear anything on that front then you would see a bigger jump in the stock but I think I would give it a target of about Rs 250 and for the day.
Buy Bajaj FinServ with a target of Rs 700 and a stoploss at Rs 675. Good set of numbers from Bajaj FinServ, we saw profits coming in at Rs 195 and revenue topline of about Rs 927 crore, 50% growth year on year on both profit as well as topline. So, a very good set of strong numbers from Bajaj FinServ and I think that’s the reason why I like the stock. This is a stock that one should continuously add to your portfolio at every regular intervals.
Buy Madhucon Projects with a target of Rs 36 and a stoploss at Rs 34. The Simhapuri power plant has commercial production in unit I and unit II so 300MW is what they have announced. Madhucon Projects does have some issues related to debt, etc but I think the fact that they have been able to announce and be on line with their power projects will go a long way in helping the company.