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Apr 23, 2012, 12.20 PM IST
CNBC-TV18 brings you a brand new week of Bull's Eye. It's the 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, Rajesh Agarwal of Eastern Financiers, Ashish Kapur of Investshoppe and Lancelot D Cunha of ITI Wealth Management battle it out for top honours.
Below their top stock picks and analysis:
Rajesh Agarwal of Eastern Financiers
One can buy Balaji Telefilms with a stop loss of Rs 43 and target of Rs 51 for intraday. This company has fallen into bad times from the last two-three years but now the operation seems to be turning around with two of its serials ‘Bade Achhe Lagte Hain’ and ‘Parichay’ getting better TRPs. We believe that in the coming quarter numbers will be very good. Nine months they have reported profit of around Rs 2 crore against loss of Rs 10 crore and this quarter the profits are going to include the numbers of ‘The Dirty Picture’ which has been a blockbuster hit with around Rs 85 crore of net revenue collection worldwide.
One can buy Honda Siel with a stop loss of Rs 410 and target of Rs 485. With a kind of power shortage we are witnessing, we think the power division is going to do extremely well. On valuation parameters the company is valued at around Rs 400 crore marketcap out of which company is sitting on cash pile of Rs 100 crore. The numbers have been good, it’s trading at a PE of around 12 and price to book value of around 2. We think this debt free company is going to give good dividend in the near future because last year dividend of 75%.
One can buy Jamna Auto Industries with a stop loss of Rs 155 and target of Rs 190. This is one of the large parabolic spring manufacturer in India and third largest in the world. The company has shown sharp turnaround in the last few quarters. Considering the buoyancy in the auto sector specially the commercial vehicle segment we believe this company is going to do well in the near future. On valuation parameters also it’s trading at a PE of 11 FY13 earnings hence we recommend this a buy.
One can buy Wockhardt with a stop loss of Rs 682 and target of Rs 720. These targets are for intraday. For longer term horizon it may go even higher. The company has shown strong set of numbers in Q3. Going forward once the Danone deal is done by August we believe that the FCCB repayment will be done and the company will be coming out of CDR then there will be clear visibility about the operations of the company. On valuation parameters trading at a PE of around 7 while its peer group companies are trading at a PE of 11 the company is likely to report an EPS of Rs 90 in FY13.
Tags: Balaji Telefilms, Honda Siel, Jamna Auto, Wockhardt, HUL, Sun Pharma, Amar Remedies, Reliance Cap FUT, Fortis Health, Mahindra and Mahindra, TCS, Halonix, Hindustan Unilever
Action in Balaji Telefilms
Jun 20 2013, 11:06
- in FII View
Jun 20 2013, 11:06
- in FII View