In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of sharmilajoshi.com shares trading strategy of the day.
Buy Sun TV with a target of Rs 375 and a stoploss at Rs 364. We have seen indifferent numbers from Sun TV, but two or three reasons why I like the stock going ahead. First of all I think this quarter will be significantly better for them in terms of the ad revenues, because the festival season has typically shifted into this quarter, so that would be one reason. Secondly, this is going to be a big beneficiary of the digitization, the round 2 for which the deadline is March 31st. So this is likely to gain from that and lastly there has been a bit of a buzz that they could be launching an English channel. So, on the back of these three reasons I buy Sun TV for the day with a target of Rs 375.
Buy REI Agro with a target of Rs 12.85 and a stop loss at Rs 11.80. We have seen good set of numbers from the company and again I think that soft commodities is a space that I would be looking at going ahead.
Buy McLeod Russel with a target of Rs 330 and keep stop loss of Rs 320.
Buy Jubilant Foodworks with a target of Rs 1,320 and keep stop loss of Rs 1,270.