Buy ICSA India, Tata Global Bev, JSW Steel: Agarwal

Buy ICSA India with a target price of Rs 22.50 and a stop loss of Rs 20. It is an intraday momentum call. The stock has gained almost 35 percent in the last two trading sessions. Most of the analyst were expecting it to default on its FCCB payments and considering that they may again get a rider for the next quarter the stock is going up. I believe there is still a potential to move another 10-15 percent.

Buy Tata Global Beverage with a target price of Rs 170 and a stop loss of Rs 158 post the association with Starbucks the stock has short up well and almost trending to its life time high. I believe the stock still has potential to move up. Since the market cap is still pretty small considering to the overall size of the Indian market.
Starbucks definitely is an esteem brand to be associated with and therefore I believe that another 15-20% upside is remaining from the current highs.

Sell JSW Steel with a target price of Rs 700 and a stop loss of Rs 760. Yesterday CBI had filed a charge sheet against Sajjan Jindal which can be a negative sentiment for the stock. The stock was already under pressure since the sector itself is not favoured therefore in the medium to short term I see a downward pressure in the stock.