Buy Escort, OCL, Sakhti Sugar: SP Tulsian

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

Buy Escorts with a day target of Rs 63 and stop loss of Rs 58. The company has posted very good June quarter numbers. This automobile stock which is now ruling at its low is likely to see value buying because of this good numbers. Buy OCL with a day target of Rs 119 and stop loss of Rs 111. This cement maker has posted excellent June quarter numbers wherein the EBITDA margin has improved to 30% from 20% of the comparable quarter of the previous year with EPS of Rs 11.50 for June quarter against an EPS of Rs 4.35 for similar quarter in the previous year and negative EPS of Rs 4.65 for March quarter of June ’12. Buy Sakthi Sugar with a day target of Rs 32.50 and stop loss of Rs 30.50. The sugar prices have risen across India and in this last one month the prices have risen by more than Rs 5 to 6 per kg. This being a leading producer of sugar from Tamil Nadu the stock has been witnessing value buying for the last one week. The momentum of the informed buying is likely to continue on the stock and hence a buy call. Buy Triveni Engineering with a day target of Rs 23.50 and stop loss of Rs 21.80.