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Mar 12, 2012, 12.50 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, Jagannadham Thununguntla of SMC Global, Sharmila Joshi of Fairwealth Securities and Prakash Diwan of Asit C Mehta Investment battle it out for top honours.
Below their top stock picks and analysis:
Jagannadham Thununguntla of SMC Global
First stock is buy Syndicate Bank with a day target price of Rs 124 on the bank of RBIís announcement after the market close on Friday; the 75 bps cut both in terms of timing as well as the percentage rate cut, definitely it is very, very encouraging. I am sure the banks should come into action. On top of that already the market is in a mood of revival. So this particular trigger by the RBI should give fresh fillip to the banking stocks and the Syndicate Bank is selected in that context with a day target price of Rs 124.
Second pick for the day is Dena Bank with the similar logic of the CRR cut with a day target price of Rs 96.90.
Third pick for the day is buy Andhra Bank on the back of RBIís CRR cut with a day target price of Rs 140.
Fourth pick for the day is buy Bank Nifty as all the banks are expected to do well after the CRR cut with RBI. It has been selected with a day target price of 11,100.
Tags: Jagannadham Thununguntla of SMC Global, Sharmila Joshi of Fairwealth Securities, Prakash Diwan of Asit C Mehta Investment, Bank Nifty , Dena Bank, HDIL, IVRCL, Tata Motors, Britannia, Lanco Infratech, Syndicate Bank, Jain Irrigation
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy