Buy Aurobindo Pharma, Bharat Forge: Mukadam

In CNBC-TV18's popular show Bull's Eye, Shahina Mukadam, Fairwealth Securities shares trading strategy of the day.

Buy Aurobindo Pharma with a price target of Rs 170 with stop loss of Rs 153. The company’s plant has started for cephalosporin. This is going to result in a good spurt and export to US market. They are also showing good export traction in the UK, European markets. I believe at the current levels there is some scope for upside from hereon.
Buy Bharat Forge with a target of Rs 223, stop loss of Rs 212. The company has corrected a lot along with the correction that we have seen in the auto companies. From hereon I believe there is value, it can be a value pick. The current price discounts the earnings per share (EPS) for FY12 of Rs 17 by just over 12 times. It looks attractive as a value buy at the current levels.
Sell Tata Communications at Rs 218 target and with a stop loss of Rs 236. I believe the company has tried to restructure its debt but at the same time it is running huge losses from the last three years because of high depreciation and it is eroding the net worth. I do not think that it justifies such high valuations at current levels.