Buy Lupin Pharma, Finolex Ind, Hexaware Tech: Joshi

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

Buy Lupin Pharmaceuticals with a target of Rs 605 and a stop loss at Rs 590. I wanted to buy some safety into the portfolio given that markets have corrected so deeply, so I am buying a defensive. Lupin is a stock which has posted very good numbers and it is a stock that I would like with a longer term target of Rs 650-660 range, but for the day I am buying it with a target of Rs 605.
Buy Finolex Industries with a target of Rs 91 and a stop loss at Rs 87.30. Finolex posted a good set of operational numbers, so that was encouraging given the fact that so far you had seen the stock rally because it sold some real estate packet here or there, but now I think operationally also we are seeing a fairly good performance from Finolex. I think that strength is likely to continue therefore I am buying it with a day target of Rs 91.
Buy Hexaware Technologies with a target of Rs 91 and a stop loss at Rs 87.50. Post its numbers we have seen the stock recover from the correction that it had undergone given its revenue warning. In the coming year a lot of the clients are expected to show traction again and we are likely to see improving numbers from Hexaware going ahead. So this is again a stock I would buy with a longer term perspective, but for the day I am buying it with a target of Rs 91.
Short IVRCL with a target of Rs 28.70 and a stop loss at Rs 29.80.