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Jul 12, 2012, 08.23 AM 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 Manappuram Finance with a day target of Rs 34.50 and stop loss of Rs 32.50. The stock has been seeing relentless buying after having acquired 6% stake in the company and share is still ruling at a price to book of one time and PE of 4 times based on FY13 fundamentals.
Buy PFC with a day target of Rs 179 and stop loss of Rs 172. The hopes of state electricity board debt restructuring will be seen quite positive for the company and will immensely benefit in rerating the stock and on fundamentals the share is ruling at a price to book of 1 and PE multiple of less than 7 based on FY13 earnings.
Buy Sterlite Industries with a day target of Rs 103 and stoploss of Rs 98.50. The share is still ruling at an effective valuation of 52% of Sesa Goa in spite of a swap ratio of 3 shares of Sesa Goa for 5 shares held in Sterlite. In fact this should effectively make the share to rule at least at 56% of the share price of Sesa Goa. There is a room of an appreciation of 4-5% in the share price in the near term and seems to be a good arbitrage play for the investors.
Sell Yes Bank with a day target of Rs 322 and stoploss at Rs 338. HSBC is likely to sell 1.7 crore shares being 4.75% stake held by them in the bank and this is likely to happen at or around Rs 320 per share which is making the shares looking technically weak and make it fall to around Rs 320 in the near term.
Tags: Manappuram Finance, PFC, Sterlite Industries, Yes Bank, JBF Industries, Sadbhav Engineering, Escorts, Tata Power, Rolta, Adani Enterprise, JSW Energy, Jain Irrigation
Action in Manappuram Finance
May 25 2013, 16:36
- in Technicals
May 25 2013, 16:36
- in MARKET OUTLOOK