Buy IVRCL, BS Ltd, Peninsula Land, NCC: SP Tulsian

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

Buy IVRCL with a day target of Rs 23.50 and stop loss of Rs 21.50. The company has monetised three of its road projects for Rs 2200 crore by divesting the stake in favour of Tata’s. The company is likely to monetise some of its assets further in the near future as they are holding nine such projects in road and real estate space. Hence, the positive outlook is likely to continue on the stock because ultimately the money will be utilised by the company to pare its debt and hence a buy call.
Buy BS Limited with a day target of Rs 355 and stop loss of Rs 323. This company is making telecom towers and it is expected that company is doing quite well and for FY13 it is expected that company will be posting an EPS close to Rs 32. Apart from this the promoters of the company are also increasing their stake in the company and because of that the informed buying is seen in the stock and hence a buy call.
Buy Peninsula Land with a day target of Rs 42 and stop loss of Rs 38.50. The real estate stocks have come back in the focus and the buying is seen across the board in all real estate stocks. This stock having strong presence in Mumbai circle seem to be quite undervalued and the buying is likely to get resumed in the stock in the near future and hence a buy call.
Buy NCC with a day target of Rs 37 and stop loss of Rs 34.30. This infra company is also holding many of the BOT projects and good chunk of real estate. In anticipation of the monetisation of some of the assets likely to be made by the company in the near future, the stock looks undervalued and buying can be initiated now.