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Bull's Eye: Short SAIL, Suzlon; buy M&M, L&T

Published on Fri, Dec 30, 2011 at 11:24 | Source : CNBC-TV18

Updated at Tue, Jan 03, 2012 at 20:22

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Bull's Eye: Short SAIL, Suzlon; buy M&M, L&T

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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 stocks ideas not just for the day, but stocks that look attractive in the medium-term as well.

This week, Aashish Tater, Jagannadham Thununguntla and Sharmila Joshi battle it out for top honours.

Below their top stock picks and analysis:

Jagannadham Thununguntla, SMC Global

Buy Areva T & D India with today's target price of Rs 174. The stock is showing continuous momentum, which suggest that there is a chance that probably it is on the verge of a breakout.

Buy Patel Engineering with today's target price of Rs 81. Of late the infrastructure stocks have been under tremendous pressure. There is a chance of a decent bounce in Patel Engineering on the back of technical bounce.

Sell Syndicate Bank with today's target price of Rs 65.50 as the midcap PSU banks have been under tremendous pressure.

Buy Religare Enterprises with today's target price of Rs 412. There are expectations that company's subsidiary Religare Finvest (NBFC) may find a private equity buyer to the tune of Rs 200 crore, which can give a fresh fillip to the stock. Financial services companies have been under pressure of late and this private equity infusion can give fresh fillip to the stock.

Aashish Tater, Fort Share Broking

Short Reliance Capital with an intra-day target of Rs 210. We have been suggesting a short on this particular stock from a longer term perspective as we feel this particular stock is a decent short sell. Taking a fundamental call on this stock, we have been downgrading this stock quarter after quarter. We feel the stock can go and test Rs 172-180 because of poor market sentiments.

Short Shree Renuka Sugars ; we feel there could be a probability that the stock should go and test Rs 17-18 mark.

Short SAIL ; steel has been a classical sell right from very high levels because we felt that there could be lot of problems for steel as a sector. SAIL was one of our short bets which have materialized well for us.

Short Suzlon Energy ; we feel the stock is getting very painful in terms of investment bet and people are just asking one question, how far it can fall. Whenever these kinds of questions come to us we feel there is still more pain left into the stock because if I take a fundamental call on this I don't think the stock deserves right now the way things are shaping out more than Rs 12-13.

Sharmila Joshi, Fairwealth Securities

Buy Godrej Properties . This is a buy on the fact that they have sold 49% of their subsidiary to Sun-Apollo - a project in Gurgaon. So it is good news for the stock, though there is some amount of bad market and bad environment for real estate. Godrej Properties stands out as a stock tall among its peers. So I buy the stock with a target of Rs 636 and a stoploss of Rs 612.

Buy VIP , which is a good quality midcap stock. It has corrected significantly from its highs. I buy with a target of Rs 83.5 and a stoploss at Rs 80.10.

Buy Mahindra & Mahindra with a target of Rs 707 and a stoploss of Rs 680. It is a time to start buying into interest rate sensitives given the fact that possibly in January we could see some relief on the interest rate front. Overall we are seeing Mahindra & Mahindra within that space. I would like below Rs 700 levels because from there you can easily get a 10-15% of rise.

Buy L&T . I like this stock at a around Rs 1000 or lower levels to which it has come. I buy with a target of Rs 1027 and a stoploss at Rs 990.