Bull's Eye: 12 stocks you would want to know about

Published on Tue, Jun 14, 2011 at 11:16 |  Source : CNBC-TV18

Updated at Tue, Jun 14, 2011 at 15:35  

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Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio. In today's game, Prakash Diwan of Networth Stock Broking, Ashish Tater of Fort Share Broking and Kunal Bothra of LKP Securities place their respective bets in four stocks each. Investors can read into the detailed analysis made by these experts before agreeing to any or all the bets. Below are the stocks and their analysis:

Aashish Tater, Fort Share Broking

The first stock for the day is FIEM Industries , which I have been bullish on. With its MOUs with Ichikoh alliance, this stock has definitely been hogging limelight and will improve in terms of topline and bottomline going forward. I have an intraday target of close to Rs 160 and a medium-term target of Rs 190 a share.

The second stock for the day is Money Matters Financial Services . I would like to buy this stock for an intraday target of Rs 66 with a stoploss of Rs 59.

The third stock for the day is Fresenius Kabi Oncology , which I feel could be delisted somewhere around Rs 192 odd mark, because Fresenius Kabi, Singapore owns almost 90% and APP Pharmaceuticals, another subsidiary of Fresenius Kabi, Germany has lot of synergy. We feel the synergy per share, works out to be somewhere between Rs 60-70 odd remark. The stock has a fundamental value of close to Rs 120-130 odd mark on conservative side. So, even on the conservative side, the stock would get a target of Rs 190. I am playing it for a day target of close to Rs 135.75.

The fourth stock for the day is Sunil Hitech , which I have been bullish on right from Rs 108-110 odd mark for a target of Rs 155. I am playing it for an intraday target of close to Rs 134.50.

Prakash Diwan, Networth Stock Broking

The first one which still linked to continue in the portfolio is Development Credit Bank . It started doing well in the previous session, but there is still some steam left. Of course, with the imminent credit policy in this week, things could be slightly difficult for banking stocks. Bank is poised to do very well in spite of whatever reactions we expect from the banking system. I would like to reassign some new targets and stoploss level for DCB. The new target price is going to be Rs 65.30 and stoploss is going to be Rs 60.30.

The second stock for the day that I would like to continue with is Alok Industries . The stock has started doing well towards second half of the previous session. I trade this with a new target level of Rs 29.20 and a stoploss of Rs 27.20.

Third stock in the portfolio today is a fresh one and that is Mahindra Satyam . There has been a lot of talk about midcap IT companies starting to sizzle while the large cap companies are struggling a bit. But, the kind of issues that people have been raising on the dollar movement vis-à-vis Indian rupee could possibly be favorable for most IT companies including this one. We expect the bad news that has already been factored in into Satyam. We would like to give Satyam a strong look and set a target price of Rs 90.90.

The fourth stock is Amtek India . We would like to assign a target price of Rs 92 and a stoploss of Rs 85 for the stock.

Kunal Bothra, LKP Securities

My first pick for the day is Subex . I have been continuing this long from yesterday. I think yesterday's intraday movement in the last half an hour or so was very active and this stock picked up volumes in the last half an hour. It managed to surge from a low of Rs 63-66 and I think the momentum is now very active on the stock. It is now the third consecutive day, where the stock has managed to close into the positive territory. Also if you look at the price chart the daily price movement, it has formed a sort of a bullish head and shoulder. The momentum is very strong in the stock and a breakout above Rs 67; we might see levels of Rs 70. For a medium-term buy, even this is a very good stock and one can expect levels of Rs 74-75 in a couple of weeks in the stock. So, for today my target for Subex is Rs 70.

My second stock for the day is Uflex . My price target for today is Rs 225. This stock has been moving into the bullish territory from the month of March and it has risen very sharply from its lows formed in the month of March few months back.

My third pick for the day is DCB . You look at the price chart of DCB, it is a very interesting chart, because this has been one of the strongest banking stocks even if it is in a midcap space. In last couple of sessions it has managed to come out of that very narrow range of around that Rs 60-61. It gave a very sharp close yesterday and even the markets were trading in a negative territory but this stock managed to close on the top end yesterday. I think it is now trading very close to its previous stoploss of Rs 64-65 and this momentum the stock is very bullish. You look at the indicators as well as the volume accumulation which has been the most interesting part in the stock. A breakout of Rs 64 is what I am looking at and my target for today is Rs 67 on the stock.

My fourth pick is BGR Energy with a price target of Rs 520. This stock is purely a momentum stock. Look at the price chart, it is forming a sort of inverse head and shoulder and yesterday's closing was very bullish on the stock. It has managed to just inch up - make a new swing high in the stock. I think volumes were very active yesterday. If you look at the intraday chart, the 60 minute chart it has managed to make a new high, higher high and a higher low for the last couple of weeks, which augers very well for the stock. It is very on the verge of a breakout and above Rs 510 today the stock can touch levels of Rs 520 which is my target for the day.

  

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