Buy Adani Ent, Indiabulls Financial,TV18 Broadcast: Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.

Buy Adani Enterprises with a day target of Rs 248 and stop loss of Rs 235. I am continuing this buy call, which I gave yesterday also because both its subsidiaries, Adani Ports and Adani Power are doing well and the effect of that is going to get reflected in the share price of this company also as indicated from the short covering and renewed buying, which we have been seeing in the stock for the last couple of days and hence a buy call.
Buy Indiabulls Financial Services with a day target of Rs 298 and stop loss of Rs 282. This non banking financial companies (NBFC) of Indiabulls has posted very good numbers for Q3 with an earnings per share (EPS) of Rs 10.50 paise on a consolidated basis and for FY13 the company is likely to post an EPS of excess of Rs 34-35 and that makes the stock to rule in a single digit PE as against the other NBFCs ruling in a PE multiple of Rs 13-15 and the renewed buying is likely to emerge in the stock in the near future and hence a buy call.
Buy TV18 Broadcast with a day target of Rs 30 and stop loss of Rs 28. After having seen corrections taken place in the stock, the share has seen huge value buying yesterday and that has made the stock to breach its near term resistance of Rs 28 and the trend of value buying is likely to continue and we may see the stock moving to about Rs 32-33 in the next week to ten days but the day target has been given at Rs 30.
Buy IFCI with a day target of Rs 34 and stop loss of Rs 32. This is purely a technical call and IFCI is a typical stock which gives a trading range of about Rs 3-4. If it corrects, it swiftly corrects by about Rs 3-4 and if it moves up, it goes up by Rs 3-4 and the pattern of the upmove has been seen yesterday and that trend is likely to continue today also and hence a buy call. Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.