Buy JP Associates, UB Holdings, Sun TV: SP Tulsian

Buy JP Associates with a day target of Rs 81.50 and stoploss of Rs 77.50. The buy call on the stock has been given on the news that company is likely to soon divest its stake in AP and Gujarat cement plants which have been hived out to a new subsidiary. The deal is likely to get announced very soon. Because of that, we have seen the value buying coming in into the stock coupled with short covering.

Buy UB Holdings with a day target of Rs 100 and stoploss of Rs 95. This is the flagship investment arm of UB Group which is holding large chunk of United Breweries and United Spirits stocks. The kind of run up which we have seen in the value of both the stocks indicates that the value buying is emerging in this share also which is now ruling at an NAV of about 10-11% of the investments held by the company.

Buy Sun TV with a day target of Rs 310 and a stop loss of Rs 298. After a lull of three-four days, the stock has witnessed renewed buying at the lower level which has also seen short covering getting covered and hence this stock is likely to show up move in the next couple of days.

Buy Vikas WSP with a day target of Rs 63 and stoploss of Rs 59. This buying recommendation was given for the first three days in the week also and the board of the company is meeting on 16th July for consideration of the financial accounts for FY12 as also to declare the dividend which is likely to be very good. This largest Guar and Guar Gum derivative company is doing quite well in the current year also ahead of which the value buying is seen in the stock for last one week.