Bull's Eye: Buy Godrej Ind, Cipla; short SAIL, Bata India

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.
This week, Rajesh Agarwal of Eastern Financiers, Aashish Tater of Fort Share Broking and Rakesh Gandhi of LKP battle it out for top honours
Below their top stock picks and analysis: Rajesh Agarwal of Eastern Financiers
One can buy Godrej Industries with a stop loss of Rs 192 and a target of Rs 215. The company has significant value in investment. Value of quoted investment at this point of time is more than Rs 6,000 crore which is as good as the market cap of the company without taking any holding company discount and down listed companies are also doing value unlocking of which will be a good trigger in future also.
One can buy Mphasis with a stop loss of Rs 320 and a target of Rs 348. We believe that going forward with increased focus in direct channels rather than going through HP is going to be a booster for the company in the coming years. Moreover the recent drop in rupee is going to add to the margins.
One can buy Gokul Refoils with a stop loss of Rs 84 and a target of Rs 97. The numbers were pretty bad last quarter due to global problems and other things but with huge expansion plans and the kind of capex with the numbers are being taken care of with increased installed capacity and the new capacities which are going to come, the company would do well in time to come. Plus the ratio of branded sales which is a high margin business is 50% right now and which is going to be 60% in FY12. PG Electroplast can be bought with a stop loss of Rs 212 and a target of Rs 240. This is a pure momentum play and should be treated as a trading call only. The price of this stock has crashed from Rs 500 plus levels to below Rs 150 and we have recently seen again the prices started moving up with increased volume hence we recommend this as a momentum play.
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Aashish Tater of Fort Share Broking
I am buying Hathway Cable for an intraday target of Rs 119. We feel the recent amendment would definitely benefit Hathway Cable and there would be some price momentum on the charts. Thus one can keep a stop loss of around Rs 109 for the day for an intraday target of Rs 119. On the medium-term we have a technical target of close to Rs 125 onto the stock with a stop loss of Rs 109 on closing basis.
I am shorting Bata India for an intraday target of Rs 550. This is one stock where we feel the concept trading are getting over and this is definitely overvalued from every angle. Thus it might happen that there would be blips and bounces as it