Buy JP Associate, DCB, Dhampur Sugar: Sharmila Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, Fairwealth Securities shares trading strategy of the day.

Buy Jaiprakash Associates, a slightly high-beta stock that I have chosen. It is recovering from the kind of pressure you saw on the stock post the cement penalty, the CCI penalty that was imposed on the stock. Also there could be some amount of positive rub off on the stock because of the news that JP Infra could start the Yamuna Expressway on July 17. So this is a stock I buy with a target of Rs 79.75 and a stop loss at Rs 76.80. The next stock is DCB. This is a good-sized midcap bank from which we have been seeing good numbers in the last couple of quarters. So this I buy with a target of Rs 49 and a stop loss at Rs 46.80. I buy Dhampur Sugar with a target of Rs 68.50 and a stop loss at Rs 65.70. Overall I like the buzz in the sugar space. We are seeing that sugar prices domestically are getting better prices as well as the fact that the kind of international cues that you are getting from Brazil etc. tend to suggest that international prices for sugar could also stay firm. So this is a sector that’s coming out of hibernation. So Dhampur Sugar is a stock I buy with a target of Rs 68.50. Buy Mangalore Chemicals with a target of Rs 55.50 and a stop loss at Rs 52.80. This of course on the buzz that we could be hearing something on the 30% stake that the UB Group has and there seems a distinct possibility that this could go through and the fact that Mangalore Chemicals with its advantage of being located in Karnataka as well as the current monsoon picture puts a good spin on the stock, so this is the stock that I buy with a target of Rs 55.50 and a stop loss at Rs 52.80.