Moneycontrol
May 25, 2012 01:07 PM IST | Source: CNBC-TV18

Bull's Eye: Buy ICICI Bank, TVS Motor, Pantaloon Retail

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


This week, Aashish Tater of Fort Share Broking, Sharmila Joshi of Fairwealth Securities and Lancelot D Cunha of Sharyans Wealth Management battle it out for top honours


Aashish Tater, Fort Share Broking


Go long on Reliance Communications with a target price of Rs 66 and keep a stpoloss at Rs 64. Expecting a better policy from the government. We feel telecom stocks in yesterday’s trade would see momentum buying even in today’s trade.


Go long on Sintex Industries. It has made a very interesting chart pattern where we feel if someone has a potential to hold with a closing stop of around Rs 51.80 the stock has a target of Rs 60.75 and Rs 66. However go long on this particular stock for an intraday target of close to Rs 55 with a stop loss of Rs 53.20. The second target of Rs 58 keeps on increasing the stop loss with increasing target.


Go long on Century Textiles. We expect a follow up buying even in today’s trade for a target of Rs 285. Subsequently we have a target of Rs 302 on the stock with a closing stop loss of around Rs 278.50.


Go long on Shasun Pharma with a target price of Rs 135 and keep a stoploss at Rs 131


Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.


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Sharmila Joshi, Fairwealth Securities


Buy Gujarat Fluorochemicals with a target price of Rs 441 and keep stoploss at Rs 425. Results are not out but I am expecting good results from Gujarat Fluoro and I think one of those good momentum midcap stocks that we have which had corrected quite deeply so expecting a recovery.


Buy TVS Motor with a target price of Rs 34.50 and keep a stoploss at Rs 32.90. On the back of good performance from the company, we have got a profit of Rs 57 crore versus the Rs 48 that was expected and even if you were to remove one time exceptional even then it is a good number. Also they are launching 125 CC bike next month. So I see a recovery again in TVS Motors, which has been beaten down to this level. I would expect a recovery to about Rs 40 levels in time to come but for the day I buy it with a target of Rs 32.50.


Buy Alstom Projects with a target price of Rs 368 and keep a stoploss at Rs 355. We are seeing a good number of orders come their way. Also a good set of numbers in this last quarter so on the back of that I buy this stock with a target of Rs 368.


Buy ICICI Bank with a target price of Rs 840 and keep a stoploss at Rs 812. We have just seen some kind of resurgence in the banking space and some amount of buying coming in there. I expect that to spillover to the last day of the week so I buy this with a target of Rs 840.


Disclaimer: She holds TVS Motor, Alstom Projects and ICICI Bank.


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Lancelot D Cunha, Sharyans Wealth Management


Buy Fortis Healthcare with a target price of Rs 103.50 and keep a stoploss at Rs 96.50. Fortis Healthcare has moved up over the past few sessions on decent volumes and it is likely to also come out with its results within a week so there could be some informed buying which is actually moving the price up. Poised at a very crucial level of Rs 100 and if it stays above this level of Rs 100 it could move to its next target of Rs 103.50.


Buy Dewan Housing (DHFL) with a target price of Rs 196 and keep a stoploss at Rs 184. Dewan Housing has been moving up steadily over the last 5 trading sessions and as a long term investment opportunity this stock also looks undervalued because it is quoting below its book value. Traditionally it quotes at about 1.5 times its book value. FY14 book value is at Rs 215 so it should actually trade at around Rs 270 from a long-term perspective. Given the market momentum and the momentum that we are seeing in the stock over the last 5 trading sessions I expect this momentum to continue.


Buy Pantaloon Retail with a target price of Rs 159 and keep a stoploss at Rs 146.10. Pantaloon has been moving up and has remained steady in this kind of a market even though the market has been falling the stock had seen some accumulation. We have now seen it move up yesterday on decent volumes. There could be a possibility that an underlying deal that was being announced of Pantaloon being able to sell its non-core business in future capital and allied areas might get fructified in few days and on informed buying the stock has been moving up.


Buy Aurobindo Pharma with a target price of Rs 122 and keep a stoploss at Rs 109. I see this stock had been completely beaten from its peak and good resistance at Rs 100 levels. Over the last few days I have actually seen it moving up and it is moving up on decent volumes. There was a recent announcement that it had got approval for two of its anti-HIV drugs by US FDA which will be very positive for the company. However in the short run we are seeing that it has crossed a very critical level at Rs 115 and hence it should be moving upwards to its target price of Rs 122.

Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.

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