Buy Godrej Ind, Everonn, Zee Ent: Mukadam

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

Buy Godrej Industries with a target price is Rs 315 and stop loss Rs 294. The company has consolidated over the last one year its businesses and the current core business is now picking up. Their healthy growth volumes that are shown across business units, in terms of valuations it looks attractive.
Buy Everonn Education with a target of Rs 66 and a stop loss of Rs 54. There has been a sharp correction in the stock along with all other stocks in the sector but education sector is coming back into the focus. The government is talking of investing good amount into the sector. I think there is going to be a bounce back, maybe short-term but we are expecting a bounce.
Buy Zee Entertainment with a target of Rs 225 and a stop loss of Rs 210. The business is showing good traction. We have seen in the last couple of quarters there is good traction both in advertising as well as subscription revenues. In terms of valuations it looks attractive especially with the ongoing digitalisation drive that is being implemented across India. l would like it to short to medium-term target of Rs 225.
Sell JSW Steel with a target of Rs 640 and a stop loss of Rs 675. Here I expect the pressure on steel prices to continue. We have China economy showing a slow down specially given the fact that property prices and there is some sort of a pressure that is likely to continue on new developments on the property sector. This company I believe is more expensive than it is peers are at current valuations so it is a sell call.