Bull's Eye: Buy Patni, Shree Renuka, Delta Corp, ICICI Bank

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 of sptulsian.com, Jagannadham Thunuguntla of SMC Global and Vishal Jajoo of Nirmal Bang battle it out for top honours. Below their top stock picks and analysis: SP Tulsian of sptulsian.com
Buy Pantaloon Retail with a day target of Rs 195 and stoploss of Rs 164. Buy call has been given largely because 51% FDI is likely to get allowed in multi-brand retail for which this company seems to be the largest beneficiary and thereafter it is expected that promoters may opt to reduce their stake in the company at a sizeable or significant premium to bring down the debt. Also on a technical parameter the stock is seen quite heavily oversold, hence a buy call has been given.
Buy Hathway Cable with day target of Rs 114 and stoploss of Rs 113. This is because the digitization has been notified in the Cable Act and all the metros in the first phase are likely to get digitized by 30th June 2012. This company being the largest player in the segment and it is likely to be the biggest beneficiary.
Buy Shree Renuka Sugars with day target of Rs 39 and stoploss of Rs 30. The government is likely to allow exports of may be 1 million tonne sugar by next week, which will be seen quite positive overall for the sugar sector and largely for this company since this company is the largest sugar manufacturer and having huge trading activity. Apart from that the stock is seen to be hugely oversold in last three days post its Q4 dull numbers and hence short covering can also act as a big trigger for the stock.
Buy Patni Computer with day target of Rs 432 and stoploss of Rs 380. The promoters of the company have initiated a delisting move which was very much on the expected lines and if we recall in month of April 2011 when iGate had acquired this company, they made a open offer at Rs 503. But this time the floor price has been set at a lower level at Rs 365 which in my view is not going to act as an incentive. The response or expectations on the delisting front is likely to happen at around Rs 500 and hence this is likely to see a renewed interest in the stock with huge buying interest and hence a buy call on the stock.
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Jagannadham Thunuguntla of SMC Global Patni Computer has day target of Rs 475 on back of delisting plan. The company has been acquired by iGate at the price of Rs 503. So, there is a reasonable chance that the delisting may happen around those levels. So the stock can be expected to move on the back of this plan. The stock is sleeted in that context with a day target price of Rs 475. Great Offshore has target price of Rs 112. The company didn