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Bull's Eye: Buy Suzlon, KPIT, Oil India; short JSW Steel
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.
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, SP Tulsian of sptulsian.com, Jagannadham Thununguntla of SMC Global and Nooresh Merani of AMSEC Research battle it out for top honours.
Below their top stock picks and analysis:
SP Tulsian of sptulsian.com
Buy KPIT with a day target of Rs 156 and stop loss of Rs 142. The company has posted very good Q3 numbers which will be liked by market and on top of it, it has given a sweetener and surprise in the form of 1:1 bonus issue.
Buy NESCO with a day target of Rs 728 and stop loss of Rs 648. This is a debt free real estate company having huge developed property in western suburbs of Mumbai where it is deriving huge income in the form of rental of the convention and exhibition centre. In fact yesterday we have seen huge informed delivery based buying, which indicates either a value buy or some corporate develops likely or expected in the near future.
Buy Den Network with day target of Rs 86 and stoploss of Rs 77.7. This stock is in the limelight largely because of the acquisitions expected by a strategic investor to the extent of 26%. This is seen as the most economically priced and most financially backed company as its debt free and profit making cable company having strong presence in north India.
Buy Suzlon with day target of Rs 27.9 and stop loss of Rs 25.3. This stock has been witnessing informed buying for last 1 week. But yesterday, we have seen huge volumes in the cash segment on BSE-NSE put together of over 5.5 crore shares as well as huge delivery based buying reflecting there from.