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Last Updated : Feb 08, 2013 12:09 PM IST | Source: CNBC-TV18

Sell Allahabad Bank, Opto Circuits: Mittal

In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal, Swadeshi Credits shares trading strategy of the day.


In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal, Swadeshi Credits shares trading strategy of the day.


Buy Apollo Hospitals with a target of Rs 875 and a stop loss of Rs 835. Apollo Hospitals has been doing steadily well, it has been growing its businesses, the number of hospitals all over the country has increased. The profit last quarter was up by 25 percent to Rs 81 crore and this stock did well in the last trading session in down market and I think this stock should do well today as well.


Sell Allahabad Bank with a target of Rs 144 and a stop loss of Rs 151. Allahabad Bank is one of the good banks in this space but its profits were down almost 45 percent to Rs 311 crore last quarter and given market condition with the Nifty breaking below 5,950, we could see some more selling in the bank space. So, I have a short on this for today.


Sell Opto Circuits with a target of Rs 66 and a stop loss of Rs 71. Opto Circuits has faced a lot of problems, a lot of issues going on with the management corporate governance etc and the stock has steadily fallen and it is like trying to catch a falling knife and I think you could see some more downward movement here. So, I short Opto Circuit for today.

Buy Speciality Restaurants with a target price of Rs 179 and a stop loss at Rs 169.

First Published on Feb 8, 2013 12:08 pm
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