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Bull's Eye: Short Bajaj Auto, JSW Steel; buys Tata Motors
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,Aashish Tater of Fort Share Broking, Sanjay Vaid of SBI Cap Securities and Lancelot D'Cunha of Sharyans Wealth Mgmt battle it out for top honours.
Below their top stock picks and analysis:
Aashish Tater of Fort Share Broking
I am shorting VIP Industries for an intraday target of Rs 108.50. We feel given the current scenario the fundamental value for the stock is far less than what it is trading at. We are recommending a sell on this particular stock even at Rs 900 levels. So even at Rs 118 level it looked overvalued and even at current levels we feel this is one stock which can be avoided for.
I am shorting TTK Prestige for a target of Rs 2,300. We feel the fundamental value of this particular stock is way below than what it is trading at right now. Thus a better avoid.
I am going long on India Glycol from an intraday target of Rs 130. As we expect an EPS of close to Rs 13-14 for the full year and medium-term outlook looks good on the stock as molasses prices are expected to correct and competitors input pressure is going to increase with crude oil outperforming and also rupee going against them.
I am shorting Reliance Capital for an intraday target of Rs 280. We feel this stock has got completely broken and it might go and test Rs 230-220 in days to come.
