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Last Updated : Jun 29, 2012 01:29 PM IST | Source: Moneycontrol.com

Bull's Eye: Buy Mercator, Tata Power, Great Offshore

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.


Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.


Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.


This week, SP Tulsian, sptulsian.com, Sharmila Joshi of Fairwealth Securities and Aashish Tater, Fort Share Broking battle it out for top honours.


SP Tulsian, sptulsian.com


Buy Mercator with target of Rs 20.50 and stop loss of Rs 19. The stock has been witnessing value buying from the informed circle and this value is seen emerging more from its overseas subsidiary on which some corporate developments are expected in the near future.


Buy India Cements with target of Rs 86.50 and stop loss of Rs 83.50. Cement shares are again back in focus after CCI order and the buying which is seen into this counter is likely to result into the short covering which makes the stock to move upward in the new series.


Buy Orchid Chemical with target of Rs 119 and stop loss of Rs 114. The stock has been witnessing accumulation for the last one week which is making it very quite because this stock was in F&O band but now with news series on, this stock is likely to give a technical breakout.


Buy Aban Offshore with target of Rs 392 and stop loss of Rs 375. This stock seems to have given a technical breakout and this may lead to further short covering into the stock.


Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.


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Sharmila Joshi of Fairwealth Securities


Buy Tata Power with a target of Rs 103 and stop loss of Rs 98. I am carrying forward this buy from yesterday largely because the revision in tariffs is likely to work well for Tata Power. Also if there is one sector other than infrastructure where you should see reforms coming in weeks ahead it will be power. Decisions will be taken on UMPP (Ultra Mega Power Projects) projects etc which will prove positive for Tata Power, both the projects getting announced as well as pricing. So this is a stock that has a long way to go. I would give it an intermediate target of about Rs 115.


Buy Lupin with a target of 545 and stop loss of Rs 528. I have been wanting to introduce a pharma name in my list. Lupin fits the bill nicely. It is a stock where you do see good business growth. Plus there is a momentum of the new product that has been introduced, the oral contraceptive as well as the fact that even from a longer term the stock can give you a 10-15% return from current prices.


Buy Petronet LNG with target of Rs 149 and stop loss of Rs 143. Earlier in the week I had recommended Petronet LNG as well. I think the unique business model as well as the fact that going ahead as we see a lot of the concerns recede I see it going back to Rs 165 kind of levels. It makes me quite positive on the stock.


Buy Balrampur Chini with target of Rs 51.50 and stop loss of Rs 49.50. Once again I think I have recommended a sugar stock earlier in the week because I think that sugar as a sector could be a good bet with a slightly longer term in mind. But also the fact that recently the reports on sugarcane production and what it could do to prices could mean good things for stocks within the sector as well as the fact that one is likely to hear some announcements for the sugar stocks in the UP belt. So all things put together I think sugar could be a sector that we could be looking at more actively in days to come.


Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.


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Aashish Tater, Fort Share Broking


I am going long on a concept stock, Speciality Restaurants where we feel the stock could go and test Rs 250 mark in days to come. We feel this particular stock right now is showing lot of accumulation pattern and the stock is ready to get to the next stage where we feel that stock can even test Rs 280 mark from next six months perspective.


I am going long on Great Offshore for a target of close to Rs 95 mark. We feel this is one stock which should be looked upon as the fundamentals of the entire sector is about to change and the worst is already priced in into the stock.


I am going long on Bharati Shipyard where we feel the fundamental value is much higher than what the stock is currently trading at. With 2012 coming to an end a lot of issues would be resolved from companies end and then the stock could be giving very good returns.

I am going long on Radico Khaitan for a target of Rs 140. The stock has been broadly ranged between Rs 115-125. A spike above Rs 125, the stock would go and test its fundamental value of over Rs 140 in days to come.

First Published on Jun 29, 2012 01:20 pm
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