May 24, 2012, 01.41 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, Aashish Tater of Fort Share Broking, Sharmila Joshi of Fairwealth Securities and Lancelot D Cunha of Sharyans Wealth Management battle it out for top honours
Aashish Tater, Fort Share Broking
Buy Tata Global with a target of Rs 108.80 and keep a stoploss at Rs 106.80. This is one portfolio bet which we feel has got potential if someone has got time horizon of next 2-3 years. Globally peers have been values at 2-3 times market cap to sales and Tata Global Beverage proxy to what Star Bucks or even Pepsi and Coco-Cola is, is valued at just 1 time market cap to sales. So this is one candidate that can be looked down from a longer term perspective.
Buy Jaiprakash Associates with a target of Rs 62.50 and keep a stoploss at Rs 60.65. There is a media report which says that there is quite a possibility that FCCB would be returned by the company which could be taken positive and even the stock might be upgraded at brokerage level. Thus we feel if there is any such kind of development then there is a possible chance that the stock would go and test that Rs 66-68 mark. However I am going long on this stock only from a technical perspective for a target of Rs 62.50. Fundamentally we are neutral on the stock.
Buy Arvind with a target of Rs 77 and keep a stoploss at Rs 75. We saw some last moment buying on the stock and we feel there could be a continued momentum and if I see that rupee-dollar equation this might be beneficial for textile companies even going forward. Thus despite poor results there could be a technical snack in today’s trade on upward bias for a target of Rs 77.
Buy BHEL with a target of Rs 212 and keep a stoploss at Rs 208. We expect results and guidance which would be better than what market analysts have been expecting. Thus we have a medium term target on a stock of close to Rs 248 mark. However if the stock closes below Rs 202 then close your positional target of Rs 248. Fundamentally we see hardly 10% downside on to the stock but a potential upside in days to come.
Disclaimer: He doesn't hold any stock discussed but may have recommended them to clients.
Tags: Bull's Eye: Buy TCS, JP Associates, Cox & Kings, DHFL, Aashish Tater, Fort Share Broking, Sharmila Joshi, Fairwealth Securities, Lancelot D Cunha, Sharyans Wealth Management, Dewan Housing
Action in Arvind
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