In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
Buy Plethico Pharmaceuticals with a day target of Rs 362 and stop loss of Rs 350. I am continuing this buy call which I gave yesterday also. Because the company having posted an Earnings Per Share (EPS) of close to about Rs 55 for nine months ending September 2012 are likely to close the calendar year 2012 with an EPS of over Rs 72 which may move to about Rs 80 for calendar year 2013 and the promoter stake of 83 percent is also an attractive feature in the stock and hence a buy call.
Buy Jaiprakash Power with a day target of Rs 32.50 and stop loss of Rs 30.50. The company having completed its Qualified Institutional Placement (QIP) of Rs 900 crore plus is seen positive and because of the huge shorts having got created in stock in last couple of days are likely to get covered coupled with the fresh buying and hence a buy call.
Buy Shriram Transport with a day target of Rs 720 and stop loss of Rs 694. The share has corrected by over 7 percent, because one of the promoter of the company TPG Capital has exited partly from the stock by selling its shares at Rs 717 and whenever we see these type of things happening the stock corrects which gives an opportunity to enter in such quality stocks and I think that the stock can move back to Rs 730-735 in next one week or so and hence a buy call.
Sell Housing Development and Infrastructure (HDIL) with a day target of Rs 65 and stop loss of Rs 69. The real estate stocks have been seeing all round profit booking and the trend of HDIL continues to look very weak because of the delivery based selling seen in the stock yesterday also and the trend of selling the stock may continue today also and hence a sell call.