Bull's Eye: Buy IGL, IFCI, Godrej Cons, short Jet Airways

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 of sptulsian.com, Ashish Tater of Fort Share Broking and Rakesh Gandhi of LKP battle it out for top honours.

Below their top stock picks and analysis:

SP Tulsian of sptulsian.com

Buy Saint-Gobain with a day target of Rs 61.40 and stop loss of Rs 57.30. The promoters have learnt to apply to the Bombay Stock Exchange for seeking the delisting approval and they are holding 86% stake in the company and this disinvestment or the delisting process is likely to be very aggressive because promoters will be requiring less than Rs 100 crore to do that and hence a buy call.

Buy Advanta India with a day target of Rs 498 and stop loss of Rs 473. This multinational seed company having very strong presence and United Phosphorus which is holding close to 50% stake in the company is seen under accumulation by the informed circle and hence a buy call.

Buy Indraprastha Gas with a day target of Rs 254 and stop loss of Rs 235. The matter filed by the company against PNGRB (the Petroleum and Natural Gas Regulatory Board) is to be heard today in the Delhi High court and it is likely that the company is going to get some relief which will be seen positive by the market and share can give an upward move.

Buy Bhushan Steel with target of Rs 442 and a stop loss of Rs 420. The stock is witnessing informed buying on the hopes that some corporate announcements are likely to get made by the company along with either the Uttam Galva or with the Arcelor Mittal which will vastly re-rate the stock and hence a buy call.

Disclosure: I have a holding interest in Saint Gobain. Other stocks may have been recommended to clients.