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.
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 of sptulsian.com
Buy Manappuram Finance with a day target of Rs 28.50 and stop loss of Rs 26.70. I am continuing this buy call which I gave yesterday also largely because the share is ruling below PE of 4 and price-to-book of less than 1 and we have been witnessing good amount of delivery based buying in the stock for the last three days.
Buy Gati with a day target of Rs 39.50 and stop loss of Rs 37.50. The stock has seen good amount of buying yesterday on the news that the fundamentals of the company are sharply improving and the company is likely to perform better in FY13.
Buy Provogue with a day target of Rs 13.50 and stoploss of Rs 12.50. Again the noises are building up that probably the government will be able to build up a consensus for FDI in multi-brand retail and this stock seen to be a high-beta stock in this sector and any kind of positive news flows is likely to give a good amount of upside in the stock in the next 15-20 days.
Buy Educomp with a day target of Rs 172 and stop loss of Rs 165. The stock has been witnessing a good run-up after the company has raised USD 155 million by various means in the form of FCCB, ECB, and preferential allotment and since then value buying coupled with short covering has been seen in the stock.
Sharmila Joshi of Fairwealth Securities
Buy Educomp with a target of Rs 172 and stop loss at Rs 165.5. Ever since the news of raising the money to repay their FCCB as well as for capex we have seen spot in the stock. There have been a lot of issues with the way the performance of the company and even the numbers like last quarter weren’t what the management has suggested that they would be. But all the negatives are now in the price and going forward we will see a lot of their capex falling into place as well as FCCB taken care of.
Buy Petronet LNG with a target of Rs 144 and a stoploss at Rs 138. The business model is unique and the kind of demand that we are seeing for gas as well as the supply, the gap is increasing. They have taken measures since it’s a unique model for them they also have taken steps to ensure that additional capacity comes on line. We have heard that the Dahej expansion is likely to start.
Sell Unitech with a target of Rs 20.50 and stoploss at Rs 21.40. Overall I am negative on the fact that the way the recent events have paved out I do think that there has been anything that should warrant buying into real estate or any of the interest rate sensitive for that matter. So barring banks the PSU banks where I see value going forward, I will be a little circumspect with a lot of these debt heavy kinds of names. So this is a stock that I sell with a target of Rs 20.50.
Short Lanco Infra with a target of Rs 13.25 and stop is at Rs 14. Once again one of those highly leveraged companies which in the current environment do not have too much by way of relief coming to them because of the turn of events. So though they have great orders and great book on hand just the pressures of the kind of debt that they have will drag these stocks a little lower in the near-term.
Aashish Tater, Head of Research, Fort Share Broking
I am going to short Punjab National Bank for a target of close to Rs 750 odd mark. Market has built-in too may expectations from RBI which we feel is immaterial and the way bank has actually run up we feel it could be a good short for days to come. Go short on this stock for a target of close to Rs 750 odd mark with a closing stop of around Rs 788.
I am going long on Jaypee Infratech . We expect big positive announcement before the launch of the project and which could actually see the stock move to that Rs 59.60 odd mark in days to come. However, I am going long on this stock for a target of close to Rs 55 odd mark.
I am going long on HDIL . Yesterday’s upward momentum on HDIL is expected to continue even in today’s trade and we have been maintaining our view of close to Rs 90 expiry which is roughly 2 to 3 days hence we are still maintaining a positive view on the stock.
One can go long on IVRCL with a closing stop of around Rs 50.50 for a target of Rs 54 odd mark.
READ MORE ON Manappuram Finance, Gati, Provogue, Educomp, Educomp, Petronet LNG, Unitech, Lanco Infra, Punjab National Bank , JP Infratech, HDIL, IVRCL
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Economy turning for sure but cant say for mkts: DSP