Buy Petronet LNG, Havells India: Lancelot D Cunha

Buy Petronet LNG . It has recently seen the benefits of softening of LNG prices world over which will be positive for the company. Also its expansion that is coming up in the third quarter of this year will go on stream and that should add both EBITDA and revenue to the topline. The stock which had a hit a low of Rs 128 has now broken a significant level of Rs 157 and as I see it the momentum moving up it would continue to break it to reach its target price of Rs 161.

Buy Havells India . The stock has been moving up over the past few days on good volumes and has also come out with good results in the last quarter. On the back of this momentum I see the stock moving up to its target price of Rs 559.

Sell JSW Steel because inspite of the fact that the Supreme Court has lifted the mining ban the stock still remains weak and has been continuing to see some amount of pressure. The merger with Ispat Steel is negative for the company and I think with the current selling momentum on we are likely to see it move further down and hit its target price of Rs 663.

Sell DLF . The stock is looking weak and has been selling off assets to pay off its loans and restructure its balance sheet. Over the last few days the momentum that the stock had seen on terms of moving up should fade out now that the announcement of funds being raised is factored into the price and I should see it moving downwards.