Buy HMT, Hind Copper, Indian Hotel: Aashish Tater

In CNBC-TV18's popular show Bull's Eye, Aashish Tater, Head of Research, Fort Share Broking shares trading strategy of the day.

The first stock for the day is a long from my side, I am going long on HMT for a target of close to Rs 52 from the next 2-3 days perspective with a closing stop of around Rs 45. Yesterday PSU pack has been on move and we feel there might be a follow up momentum in the next 2-3 days.  I am going long on Hind Copper for a target of Rs 280 mark. This disinvestment stock have been in the limelight and is broadly range bound between Rs 250 to Rs 290. I am going long on Indian Hotels. We feel that current market price the stock is terribly underpriced compared to its peers. It has got good assets across the globe and we feel the stock could definitely be a good long term portfolio bet and at current levels of Rs 63.80 we feel there is limited downside on the stock with a potential upside of almost 30% to 40% from one year perspective. We are going long on Castrol India for a target of Rs 550. The company is a good bet from longer term perspective. Apart from that this company also a strong bonus contender and there has been market buzz in yesterday’s trade that the stock is possibly looking for a stock dividend or a good dividend in the forth coming AGM – thus one can go long on the stock with a closing stop of around Rs 530 mark.