In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
Long on Texmaco Rail with a target of Rs 68 and a stop loss at Rs 62.50. With the railway Budget just two weeks away this is a very interesting stock to go long on for the near-term. The company’s fundamentals are fairly robust. It is a debt free company and has the largest capacity of railway wagons in the country. The kind of orders it is expected to take, I think any uptake in anticipation of a good railway Budget would see good excitement coming in this stock.
Long on Fortis Healthcare with a target of Rs 110 and a stop loss at Rs 99.50. Fortis has been improving its cash position and balance sheet lately by selling stakes and also listing of its subsidiary in Singapore. That has resulted in an extraordinary income of substantial amount in the previous quarter. Given all that and the fact that the companies overall performance is improving especially the hospital segment where even the operational efficiency has improved significantly over the last few quarters makes us bullish on this stock.
Long on Suven Lifesciences with a target of Rs 28.50 and a stop loss at Rs 26. Suven which is in the business of designing, manufacturing and supplying of bulk drugs, intermediate and fine chemicals to the life science industry has been doing very well. Moreover, the company is focusing on value added products and it is the result of this focus their results in the previous quarter were absolutely amazing. The net profit jumped 500 percent.
Long on Zee Learn with a target of Rs 29 and a stop loss at Rs 26. Zee Learn which owns the Kidzee brand of P schools as well as Mount Litera brand of school in the 10+2 segment has been doing fairly well in terms of its expanding very rapidly. The company is taking advantage of the boom in the education business and is expanding at the rate of around 300 fanchises under the Kidzee brand every year. Apart from that they plan to add 300 schools owned and reputed by them under the Kidzee segment in the next five years.
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