Buy Dish TV, Godrej Ind; sell DLF, Tata Motors (DVR): Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares her trading strategies for the day.

One may sell DLF. Overall we see that when markets correct real estate does seem to take it on the chin and over leveraged companies in particular. DLF has fairly high debt levels. Also the fact that we are seeing some kind of a slowdown in the real estate space as far as sales go that is likely to add to their woes further. So, DLF is a sell for me with a target of Rs 146. One may sell Tata Motors (DVR). We have seen this stock appreciate along with Tata Motors price, but we are seeing some kind of a cool off over there and some profit booking seems to have come in. I think Tata Motors (DVR) is likely to follow that. I would be comfortable in buying Tata Motors at a price closer to Rs 270-280. So, we are going to see a corresponding 5-6 percent slide in Tata Motors (DVR) as well. I will sell it with a target of Rs 158. One may buy Dish TV India with a target of Rs 47. We have seen the company take a price hike across packages. Also set-top boxes prices have gone up. Along with that their subscriber acquisition cost has come down. So, I think with all parameters put together along with the way digitization has spread across the states will prove to be positive for Dish TV in days to come. One may buy Godrej Industries. This is a play on FMCG as well as its shareholding in various other companies that makes this stock attractive to me.