Buy Hexaware, OnMobile Global, CEBBCO: SP Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
 
My first stock for the day is a buy call on Hexaware Technologies with a day target of Rs 88 and a stop loss of Rs 84. The stock has seen correction yesterday because of the fear that promoters have sold their stake but after the company having given clarification that the sale by the promoter was inter se transfer and effectively marginal increase in the stake of the promoters has seen, the stock has started seeing renewed buying again and because of the positive bias on the IT stocks, the stock looks good at the current price and hence a buy call.
 
Second call for the day is a buy call on OnMobile Global with a day target of Rs 36 and stop loss of Rs 34.50. This company is a global player providing value added service to the telecom sector and because of the positive bias now coming on all the telecom stocks because of the 3G launch, the company is likely to see a good ramp up in its business in the time to come and renewed buying is seen in the stock at the current price hence a buy call.
 
Third call for the day is a buy call on Commercial Engineers and Body Builders Co Ltd (CEBBCO) with a day target of Rs 34 and stop loss of Rs 32. This bus and truck body-maker, which is undertaking the work for Tata Motors also, is likely to have an earnings per share (EPS) of over Rs 12 for FY13. The stock having seen some selling by the financiers now seems to have tapered off and stocks seems to have bottomed out from where the renewed buying is likely to come into the stock and hence a buy call.
 
Last call for the day is a sell call on HDIL with a day target of Rs 61 and a stop loss of Rs 64. All the realty stocks are seen in the weak mode because of the profit booking seen in all of them and HDIL yesterday saw a good amount of delivery based selling which indicates the weakness to continue in the time to come and hence a sell call.