Buy TTK Prestige, JK Tyre, Lovable: Ashish Kapur

In CNBC-TV18's popular show Bull's Eye, Ashish Kapur of Investshoppe shares trading strategy of the day.

The call is a long position on TTK Prestige with target of Rs 4,040 and stop loss at Rs 3,730. This is a recommendation which I am retaining from yesterday. The company is doing very well. Has reported excellent number in the Q1 and is expecting 25% growth on bottomline as well as topline this year. The company is undergoing a significant capacity expansion and we are confident that the company will be able to maintain its growth momentum going forward; hence we are retaining this pick from yesterday. The second recommendation is a long call on JK Tyre and Industries with a target of Rs 99 and stop loss at Rs 91.5. JK Tyre and Industries though there was some pressure on the OEM front but the replacement market continues to do very well. Moreover the margins have improved significantly by 410 bps. Going forward we expect the company to continue doing well mainly on account of the replacement market in the passenger car segment. The company is also expanding and they are entering into new segments. The third recommendation is a long position on Lovable Lingerie with a target of Rs 358 and stop loss at Rs 330. The innerwear segment is one such segment in the industry which has not got affected by the slowdown and within this segment Lovable Lingerie is a standout player because it has carved a significant niche in the premier women innerwear segment. They are also expanding into affordable segment. The company has done very well in the past and has grown at compounded rate of 24 and 70% on the revenue and profit front. The final recommendation for the day is a long on IDBI Bank with a target of Rs 92 and a stop loss at Rs 84.5. Though asset quality remains a concern but the bank is now quoting at very cheap valuations. Moreover the latest results were quite encouraging with a very significant jump in the net interest incomes also the CASA ratio has improved significantly and going forward we feel the bank will continue to do well.