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Jan 09, 2012, 01.34 PM IST
CNBC-TV18 brings you a brand new week of Bull's Eye. It's the 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, Ashish Kapur, Investshoppe, Lancelot D'Cunha, Sharvans Wealth Mgmt and Madhumita Ghosh, UNICON battle it out for top honours.
Below their top stock picks and analysis:
Ashish Kapur, Investshoppe
My first call for the day is a short position on JSW Steel . The company is in a very tough situation after the Karnataka Government ban on iron ore mining. The company has further problems on account of its port of coking coal. The huge unhedged forex positions which also is resulting in a loss in the near-term. So for the moment this is one company where the problems are enormous, so we expect this stock to remain under pressure. For the day though we have a target of 540 with a stop loss at Rs 580.
My second call for the day is a short position on IDFC . This is another company where the news flow has been very negative of late. The loan disbursements and sanctions have also gone down significantly. To diversify their earnings stream the company had gone into asset management as well as investment banking business. But hereto the going is very rough.
My third call for the day is a long position on Bata . This is one company which is still doing very well. It is kind of captures the consumption story going on in India. The company has very low debt, very strong cash flows, is expanding in a very significant way. The turnover is expected to multiply in the next three-four years. So we remain upbeat and we think that this is one stock which investors can buy very safely in this market. For the day though we have a target at Rs 600 with a stop loss at Rs 550.
My final call for the day is a long position on Tata Metaliks . The company has not been doing well over the last couple of quarters but we expect a significant improvement going ahead. Softening of iron ore prices helps this company which is majorly into production and marketing of pig iron. Also their plant at Redi in Maharashtra is closing down and they are trying to get rid of this investment which has been kind of a drag on their performance for many years now. So this is a stock with very limited downside and has good upside potential. For the day we have a target at Rs 80 and a stop loss at Rs 69.
Tags: JSW Steel, IDFC, Bata India, Tata Metaliks, Cummins India, Tata Power, Zee Entertainment, Pantaloon, Mahindra and Mahindra, CESC, Uflex, Tata Chemicals, Ashish Kapur, Investshoppe, Lancelot D'Cunha, Sharvans Wealth Mgmt, Madhumita Ghosh, UNICON
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
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