Bull's Eye: Short Sesa Goa, Adani Power, buy Uflex

Published on Tue, Feb 07, 2012 at 11:10 |  Source : CNBC-TV18

Updated at Tue, Feb 07, 2012 at 12:25  

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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, Ashish Kapur of Investshoppe and Lancelot D Cunha of Sharyans Wealth Mgmt battle it out for top honours.

Below their top stock picks and analysis:

SP Tulsian of sptulsian.com

Buy TTK Healthcare with a day target of Rs 464 and stop loss of Rs 430. After announcements of Q3 results by the company we have been seeing informed buying in the stock and this trend of buying is likely to continue for next 2-3 days and hence a buy call has been given.

Short BGR Energy with a day target of Rs 237 and stop loss of Rs 252. The company has posted very poor numbers for Q3 with drop of about 33% in top line as well as bottomline resulting into an EPS of less than Rs 8 for Q3 against Rs 12 plus in the same quarter of the previous year. The counter therefore is likely to see the profit booking and the long liquidation which can make the stock to rule weak going forward.

Buy India Glycols with a day target of Rs 149 and stop loss of Rs 139. The company has posted very good numbers and in spite of the provision of very high Forex losses of Rs 22 crore, the EPS for Q3 has been at Rs 8.30 against Rs 2.65 in the same quarter in the previous year and the consistency of the good financial results has been maintained in the third quarter also. And hence fresh and renewed buying may be seen in the stock and hence a buy call.

Short India Infoline with a day target if Rs 67 with stop loss of Rs 72. This stock has seen a good run up yesterday which in my view is more than what the Q3 results warrants and hence the long positions having got created may see getting liquidated once the stock starts correcting as also the profit booking will be seen by the traders those who have entered into the stock yesterday at a lower level and hence a sell call on the stock.

  

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