Bull's Eye: Short JSW Steel, HDFC Bank, pick DLF, BHELPublished on Fri, Feb 17, 2012 at 11:41 | Source : CNBC-TV18 Updated at Fri, Feb 17, 2012 at 13:35
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, Keval Bhanushali of Keynote Capital, and Saurabh Mittal of Swadeshi Credits battle it out for top honours. Below their top stock picks and analysis: Aashish Tater of Fort Share Broking Long call on Zensar Technologies for an intraday target of Rs 202. I have been bullish on this stock right from Rs 160 mark for a target of Rs 225. The stock has given a sharp breakout at current levels. Thus we feel the stock could go and test Rs 225 in next 2-3 days perspective. Sunil Hitech is hidden gem pick from my side. Long call on Sunil Hitech for an intraday target of Rs 84. On conservative side we feel the stock should be valued at least to Rs 105. Thus a safe bet from medium term perspective. Long call on Tilaknagar Industries for a target of close to Rs 64. The company has been giving consistent performance and now we feel the stock looking at the way the promoters are accumulating from open market, there is also a chance of the promoter converting the shares, warrants into equity shares. Thus all these triggers along with their own brands, mansion house and triple X rump, these all are going to add positives even going forward. The company has been able to maintain its CAGR growth of over 30% and we fell even going forward the company on conservative side would add 25% to 30% on bottomline. A stock which is grossly undervalued relative to its peers. JSW Steel is a hedge from my side. Short call on JSW Steel for a target of close to Rs 830 with a strict stop loss of Rs 890. The way JSW charts have actually patterned out we do not see that this is the right value for the stock fundamentally. We recommended an avoid on Tata Steel, despite poor results the company has given almost 20% return from downside. Thus it's a better avoid rather than shorting candidate.
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