Bull's Eye: Buy MMTC, GMDC; short Adani Enter, IRB

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 stocks ideas not just for the day, but stocks that look attractive in the medium-term as well. This week, SP Tulsian, Nooresh Merani and Aashish Tater battle it out for top honours. Below their top stock picks and analysis: SP Tulsian, sptulsian.com Buy STC India with a target of Rs 154 and keep a stoploss at Rs 137 Buy call on STC India. We have witnessed huge volume on Friday of about 23 lakh shares which also has resulted in the higher delivery percentage and because of the high Government of India stake at 91% and the low float this can add fuel to the fire and hence a buy call on the stock has been given with a day target of Rs 154 with stop loss of Rs 137. Buy MMTC with a target of Rs 586 and keep a stoploss at Rs 528 Buy call on MMTC which is also a canalized PSU stock with day target of Rs 586 and a stop loss of Rs 528. This stock also has witnessed huge volume on Friday of about 13 lakh shares which has resulted in higher delivery percentage and with Government of India stake at 99.33% and institutional and mutual fund stake at 0.52, very low float is there in the public of 15 basis point and this kind of delivery again is seeing informed buying which is likely to keep the momentum on in the stock and low public float with high delivery percentage seen on Friday can add fuel to the fire and hence a buy call. Short Adani Enterprises with a target of Rs 280 and keep a stoploss at Rs 297 Sell call on Adani Enterprise with day target of Rs 280 and stop loss of Rs 297. This stock is correcting largely because this is a holding company holding more than 75% stake in Adani Power and Mundra Port and both the stocks are seeing huge corrections in last couple of months which is impacting this company as well. Apart from that this company also is losing its focus on its core business model of coal mining and hence has dropped the plans of acquiring the own logistic system as well as their plans of coal mines also is going away. Short Everest Kanto Cylinder with a target of Rs 24 and keep a stoploss at Rs 26 Short call on EKC, Everest Kanto with day target of Rs 24 and stop loss of Rs 26. The Q3 results is likely to be worse than Q2 which had posted a loss and in fact it seems that the stock has been correcting continuously and had made a 52-week low largely because of some margin call pressure seen in the stock and the same trend is likely to continue in the days to come and hence a short call.
Nooresh Merani, AMSEC Research Buy Divi's Labs with a target of Rs 790 and keep a stoploss at Rs 755 Buy on Divi