Bull's Eye: 12 stocks likely to see lot of action today

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

This week, Sharmila Joshi of Fairwealth Securities, Rakesh Gandhi of LKP and Vishal Jajoo of Nirmal Bang battle it out for top honours.

Below their top stock picks and analysis:

Buy Century Ply with a target of Rs 57 and a stop loss at Rs 54. This is a business where all the various segments are doing well whether it’s plywood, whether its cement, though in the cement business the last quarter there was a bit of a slowdown that is really more seasonal than anything else and of course I think the stock corrected largely because of the huge forex loss that suddenly showed up in their book. But I think this is now factored in and we are seeing a recovery in the stock and I do think the longer term target for the stock could be in the region of Rs 75.

The next stock I buy is Infotech Enterprises . Numbers are expected here. I am expecting a good 15% kind of a revenue growth and the fact that the rupee depreciation and the kind of hedges that they taken will help them, will show up in their profits. It is a stock which is trading quiet relatively cheap as compared to the rest of the IT space and a stock that's doing well. So I buy this with a target of Rs 124 and a stop loss at Rs 119.

Buy Chambal Fertiliser with a target of Rs 84.80 and a stop loss at RS 80.80. The gap between the domestic price of about USD 100 per ton and the global price of about USD 400 per ton is becoming quiet big. So I think its more to do with elections etc which is why the decision has been held but I believe that it could be sooner than we expect and Chambal Fertilizer is a stock that would benefit most from this.

Buy Kajaria Ceramics with a target of Rs 108.25 and a stop loss at Rs 103.50. This is in the ceramic flooring business, again doing very well. In the last quarter we had profits up in by in the region of 40%. Here of course it’s the margins that take a hit because their mixture of businesses both trading related or so apart from their own manufacturing plus they have a gas based power plant, so that gas is a little more expensive, so it adds to their woes. But given the kind of growth that they are doing you can expect this stock to give you a very decent return of about 25-30% from current levels.