In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.
Buy Plethico Pharmaceuticals with a day target of Rs 365 and stop loss of Rs 351. This pharma company is likely to post an earnings per call (EPS) of Rs 60 for calendar year 2012 on a topline of Rs 1,500 crore and company promoter stake of 83 percent is also seeing the buying from the informed circle and the midcap pharma stocks seems to have come back on the focus because of the good numbers posted by some of the companies and hence a buy call.
Buy Anant Raj with a day target of Rs 89 and stop loss of Rs 84. we have seen the profit booking in all the real estate companies but this company now having corrected looks good because they have a good presence in northern India with many of their properties let out which is giving then annuity income coupled with very good land bank on which they are developing residential, commercial, shopping, multiplexes on a regular basis which is also giving them a regular development income. This stock is likely to witness the value buying at the lower level and hence a buy call.
Buy PNB Gilts with a day target of Rs 32 and stop loss of Rs 29. This company has posted good Q3 numbers with profit after tax (PAT) of Rs 16 crore which has recorded a growth of 250 percent year on year as the comparable PAT was closer to about Rs 4 crore in the similar quarter of the previous year and this is the subsidiary of Punjab National Bank , which is holding 74 percent stake and the company is likely to perform well going ahead and hence a buy call.
Sell Reliance Communication with a day target of Rs 84 and stop loss of Rs 89. The company has posted very poor and dull numbers which are way below the market expectations for December quarter on a consolidated basis in spite of this quarter always seen good for the telecom companies and because of that the longs having created in anticipation of better numbers will be seen getting liquidated and fresh shorts are likely to seen getting created and hence a sell call.