Buy Lupin, Pidilite Ind, GMR Infra, Motherson Sumi: Jajoo

In CNBC-TV18's popular show Bull's Eye, Vishal Jajoo of Nirmal Bang shares his trading strategies for the day.

One may buy Lupin. A lot of pharma companies have registered muted top line growth and this situation could aggravate with the drug price control order (DPCO) coming into place. So companies which have a higher export focus are expected to do well. Lupin is a classic fit in that category coupled with the latest announcement. I think Lupin can do reasonably well in the short as well as medium term. The target for the day stands at Rs 865. One may buy Pidilite Industries. Very strong brand and a key beneficiary with the appreciation of rupee and marginal correction that we have seen in crude oil prices, this should help the company in improvement as far as its operating margin goes. The target for the day is Rs 248. One may buy GMR Infrastructure with a target of Rs 19.60. Of late we have seen a lot of stocks which are in the infrastructure space seeing a decent bounce back on account of the sharp underperformance which the sector has seen over the last three-four years. And therefore from a trading perspective GMR Infrastructure can see some amount of buying. One may buy Motherson Sumi Systems. In a scenario where the domestic automobile industry is not doing well and which is getting reflected in the auto ancillary space, Motherson Sumi has emerged as a global automobile ancillary supplier. What we are seeing is not only with their philosophy of more contents per car but with regards to penetration into newer geographies and demand improving especially in Europe and other economies like China. Motherson Sumi is a classic play in the auto ancillary space and therefore we have a buy on it. Though for long-term we have much higher targets of around Rs 270-280 but the target for the day stands at Rs 219.50.