Bull's Eye: Buy Rel Power, Sun TV; short Crompton GreavesPublished on Wed, Feb 01, 2012 at 11:20 | Source : CNBC-TV18 Updated at Wed, Feb 01, 2012 at 12:13
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, Rajesh Agarwal of Eastern Financiers and Pankaj Jain of Sunteck Wealthmax battle it out for top honours. Below their top stock picks and analysis:
I am going to short Crompton Greaves based on its dismal Q3 performance. We feel this is a disaster set of results. The valuation perspective BHEL, L&T is available at much attractive valuation where large broking houses and foreign institutions have down rated the stock. So this particular stock would also follow the suit. We have a medium target of close to Rs 115 on to the stock. IDBI Bank is a sell with a strict stoploss of around Rs 105 for a target of close to Rs 97.50. I am going long on GMR Infra . The way the charts have shaped out it's a good candidate of giving a breakout above 200 DMA. Also if I take out fundamental call on the stock, both GMR and GVK are going to be the stocks for the long term portfolio bets. So on long term the stock would be hovering around at Rs 55-60 but from short term perspective we have a target of Rs 38 and an intraday target of Rs 32. I am going long on Whirlpool of India for an intraday target of close to Rs 195 with a strict stop of around Rs 167-168.
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