Buy Yes Bank, Man Ind, JB Chemicals: Kapur

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

Buy Yes Bank with a target of Rs 368 and a stoploss at Rs 340. The bank enjoys very strong asset quality and we feel that the kind of balance sheet which this bank has and the kind of asset quality which it enjoys will enable it to keep growing at the rate at which it has grown over the last couple of quarters. The bank is also a key beneficiary of the liberalization of the savings bank deposit rates which happened earlier this year. Buy Man Industries with a target of Rs 117 and a stoploss at Rs 108. Man Industries is a leading player in the manufacture and quoting of saw pipes. The company has lately witnessed a very good traction of new orders specially from the Middle East. 70-80% of the total turnover comes from exports where we are seeing a very healthy growth and lot of new orders coming specially from the oil and gas industries. With the kind of new orders the company is in a very strong position. Long position on JB Chemicals with a target of Rs 75 and a stop loss at Rs 69.5. This company remains a committed player in the domestic formulations market and a big one too. Along with that there are significant opportunities which the company is seeing in the CRAM space. Put together the company enjoys a very healthy growth prospects. Furthermore, there are interesting opportunities coming up in the export market and their entry into new markets like South Africa, Romania and Australia auger very well for the near future. Short position on JSW Steel with a target of Rs 640 and a stop loss at Rs 695. This company continues to feature in the negative news list. There is no end to their problems regarding raw material sourcing and currently they are in a position where they will run out of raw material by the end of July. Therefore there is huge amount of uncertainty regarding their future prospects. The company continues to be plagued down various production bottlenecks as well as a weakening demand outlook.