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Jun 25, 2012, 12.40 PM IST
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, SP Tulsian, sptulsian.com, Sharmila Joshi of Fairwealth Securities and Aashish Tater, Fort Share Broking battle it out for top honours.
SP Tulsian, sptulsian.com
Buy Financial Technologies with a day target of Rs 735 and stop loss of Rs 690. The recent SEBI notification of ownership and listing of stock exchanges are seen quite positive for the stock and because of that value buying is seen in the stock which is likely to continue.
Buy UCO Bank with a day target of Rs 80.50 and stoploss of Rs 76. On hopes and anticipation of some positive announcements by RBI this midcap PSU bank stock is looking quite good because of the huge trading interest seen in it. As well, the fundamentals also justify a buy because of its EPS of Rs 70 and book value of about Rs 95.
Buy HDFC Warrants with a day target of Rs 50 and stoploss of Rs 42.50. As HDFC stock has gone ex-dividend now it’s a simple vanilla play and gives a very good arbitrage opportunity. Those who want to buy HDFC in July futures they are advised to buy this warrant because that will be having less outgo on account of the cash as well will give a better return because whatever increase which will be seen in the share price is going to reflected by the same amount on the warrants.
Buy Manappuram Finance with a day target of Rs 26 and stoploss of Rs 24. This stock is witnessing value buying for last couple of days and the share ruling below PE of 4 and price to book of less than 1 looks a good invest buy at the current level even from a point of view of two to three months.
Sharmila Joshi of Fairwealth Securities
Buy Escorts with a target of Rs 68.50 and a stop loss at Rs 65.50. This is a company that has been giving fairly good results and the merger of the group company that is expected should be completed by August-September. We are now entering into the two best quarters for the company. So given all that I think this stock has a potential to go up to levels of Rs 85.
Buy Shree Renuka Sugar with a target of Rs 31.45 and a stop loss at Rs 30.10. This sector has been in a downtrend for a number of years but of late with the kind of policy changes that have taken place as well as the developments auger well for the sector as a whole and I expect that when little normalcy returns to markets this stock to do much better.
Buy Tulip Telecom with a target of Rs 116.50 and a stoploss at Rs 112.50. Once again a stock that has been recovering from fairly low levels. They had established a data centre and the last couple of quarters didn’t give them the kind of revenues that they expected, but now that we heard that the data centre has picked up and things there are looking much better as well as the sell of their equity, their investment in Qualcomm should go towards repaying debt as well as auguring some of their capex plans.
Buy IVRCL with a target of Rs 53.50 and a stoploss at Rs 51. I expect the infra space to slowly participate with the good momentum stocks that we have seen. This stock once again given the kind of developments, the kind of order book that they have, it’s somewhat a disappointment because of that whole buyout development that was expected which didn’t come through, but now I think again it’s on a path of recovery and I would expect that it should recover up to Rs 65-68 kind of levels. For the day I buy it with a target of Rs 53.
Aashish Tater, Fort Share Broking
I am going long on HDIL for a target of close to Rs 90 from the next 2-3 days perspective with a closing stop of around Rs 75. The stock would be volatile but the way the option data has actually pointed out we think this Rs 90 is quite achievable. Even on fundamental spread we feel that Rs 60-65 the stock is the years low for the stock and the stock has the potential to go to that Rs 130-135 odd mark for the next 8 to 10 months perspective.
I am going long on Indiabulls Real Estate . The entire real estate sector has shown a W formation which I feel has always been a sign of bottom formation thus this would be another stock which can be gone long for a target of close to Rs 65 from the next 3-4 days perspective
The Spicejet being the safest bet in the aviation sector and yesterday’s breakout of above Rs 33 closing we feel there is a likely chance that the stock would go an test that Rs 36-37 mark. However we are fundamentally bullish on the stock for a target of close to Rs 43-45.
I am going long on Bajaj Hindusthan. Inside the entire sugar space we see a lot of momentum in the days to come because this is the third year of underperformance from sugar stock and we feel after every third year there is a likely possibility of the sugar stocks coming back into flavour giving returns as high as 200% from their lows. There is a likely possibility that this will be a bottom for the sugar sector as 2012 with the new crushing season coming in and dollar equation supporting the sugar prices at international level.
Tags: Financial Technologies, UCO Bank, HDFC Warrant, Manappuram Finance, Escorts, Shree Renuka Sugar, Tulip Telecom, IVRCL, HDIL, Indiabulls Real Estate, Spicejet
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