Buy OnMobile Global, Commercial Engineer, Unitech: Tulsian

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

Buy OnMobile Global with a day target of Rs 45 and stoploss of Rs 40.90. The stock has been witnessing value buying largely from the institutional investors like HDFC Mutual Funds and the other institutional investors post the company having posted its June quarter numbers about three-four days back which has been seen quite good and this value buying is likely to continue. Buy Commercial Engineers and Body Builders with a day target of Rs 110 and stop loss of Rs 93. Share price can jump to about Rs 140-150 maybe in next 3-4 months, but the day target has been given at Rs 110. Buy Unitech with a day target of Rs 23 and stop loss of Rs 20.80. The company has got a stay from Company Law Board on the auction of Uninor Telecom assets which were initiated by its main promoters Telenor and this is going to be seen positive by the market because the company maybe able to realize a good value of its 32% stake held in Uninor which is being demanded by the company at about Rs 750 crore and if that happens it can be seen quite positive and apart from that the real estate stocks are coming back into the focus. Buy SKS Micro with a day target of Rs 97 and stop loss of Rs 88. The company has posted its Q1 numbers where the net losses have reduced below Rs 40 crore which used to be over Rs 300 crore every quarter in FY12 having an aggregate loss of over Rs 1,200-1,300 crore and the company has grown in its non-Andhra Pradesh portfolio. Apart from that the Reserve Bank of India has recently relaxed the microfinance industry norms.