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Check Out: Stocks that can boost your portfolio

In an interview to CNBC-TV18, SP Tulsian of sptulsian.com, Sudarshan Sukhani of s2analytics.com and Amit Trivedi give top pick for the day.

February 12, 2013 / 08:29 IST
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In an interview to CNBC-TV18, SP Tulsian of sptulsian.com, Sudarshan Sukhani of s2analytics.com and Amit Trivedi give top pick for the day.


SP Tulsian of sptulsian.com
I am recommending Allahabad Bank as a stock with a one week view largely because if you see the performance of the company for the quarter ended December they have slightly reduced the gross NPA as well as the net NPA.
If I take their nine months performance they have posted an EPS of about Rs 21. Their book value as on December 31 stands at close to about Rs 215. So that gives a price to book of may be about 0.65 to 0.67 while if I take an earning call, share is ruling at a PE multiple of less than 5 and I expect that the stock is likely to show upside momentum of may be about 4-5 percent in this next one week. So at the current level of below Rs 150 the stock looks good short-term buy.
Amit Trivedi
Given that market is consolidating at current levels we think midcaps should come back and rally a bit. Investors can buy Dena Bank at around Rs 104. The bank has posted decent set of numbers and the stock has got down considerably from around Rs 120-125 levels. So we think investors can buy Dena Bank at around Rs 104 for a target of Rs 114-115 and they can place a stop loss at around Rs 100.
Buy Century Textiles at around Rs 380-382 for a potential target of Rs 395 and they can place a stop loss at around Rs 375 on this particular stock.
Sudarshan Sukhani, s2analytics.com
I think NHPC represents a buy. NHPC has been moving up steadily. It has already moved up 50 percent but that means nothing. That is just a sign that there is more upside possible. NHPC had a mild three day correction. That was essentially a sideways movement and the correction seems to be over yesterday and the stock has moved up and closed better. I would be a buyer in NHPC today. Its one of the few stocks where a buying opportunity with or without the index should make money.
Many number of selling opportunities even if the Nifty stages a relief rally there would be sells abounding the market and one of them is, which is what we are tracking for today is Jindal Steel & Power. It had a small rally from Rs 400 to Rs 475 and from Rs 475 downward it has been falling relentlessly day after day. The stock broke strong support level yesterday confirming a very bearish pattern. Now whether that pattern is fully realised or not, for short-term traders the momentum is very clearly on the downside. And the short sell in Jindal Steel should be considered if the market does not have a big rally or big gap up. Jindal Steel is likely to be an underperformer.
first published: Feb 12, 2013 08:29 am

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