Buy CESC, Puravankara, Unitech: Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.

Buy Calcutta Electric Supply Corporation (CESC) with a day target of Rs 312 and stop loss of Rs 287. All the power generation companies are in focus on the hopes that the new projects are going to see the price hike being allowed by Central Electricity Regulatory Commission (CERC) and this company is also setting up two projects of 500 MW each at Haldia and Chandrapur is seen to be beneficiary of this expectation and we have seen the informed buying yesterday in counter which is likely to continue for some more time and hence a buy call.
Buy Puravankara with a day target of Rs 107 and stop loss of Rs 97. This company is likely to post the robust Q4 numbers with bottom-line expected to be at about Rs 75 crore on consolidated basis which is likely to give a 60 percent rise on the corresponding quarter of the previous year resulting into an EPS of over Rs 3.50 and in anticipation of that and on the hopes of an EPS of over Rs 16 for next year because of the strong presence of the company in the southern parts of the country is going to see the renewed buying coming back into the stock and hence a buy call.
Buy Unitech with a day target of Rs 28 and stop loss of Rs 25.50. All the real estate stocks are back in focus and this stock has seen remaining dull and subdued for quite sometime. Yesterday we have seen the huge buying having taken place including delivery based buying and this momentum maybe carried on further from hereon and hence a buy call.
Buy Autoline Industries with a day target of Rs 102 and stop loss of Rs 91. This auto parts and auto ancillary company is having very established business and yesterday we have seen huge informed buying having taken place on the hopes that some better developments are seen in the company and apart from that the huge non-promoter category in the from of HNI investors are invested in the stock for quite sometime and stock having corrected in last six months has been seeing accumulation for last 15-20 days.