Buy Dhanlaxmi Bank, PVR, Ceat, Tata Global Beverage: Joshi

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

One may buy Dhanlaxmi Bank. I am buying smaller size private banks with a view to the kind of valuations that they are trading at and the possible outcome or announcement of banking licenses which could trigger some amount of interest in such banks. Dhanlaxmi Bank is a stock that I buy with the target of Rs 36.25. One may buy PVR. They are now the largest multiplex with a Pan India presence. The fact that they have seen a good releases this year so far so that will mean good amount of news plus the fact that a lot of big movies are slated for the coming months and their revenue model now has a big share coming from the food and beverages part. They have also increased their interval time to allow people to really go out and buy food. This has reflected in their earnings and will do so in coming quarters. Ceat is the stock on which we have been fairly positive given the fact that it is trading at extremely cheap valuations and there has been some kind of news flow that they could be looking to have some tie-up for rubber. This will mean a big positive for Ceat. Given the fact that they will be able to control their raw material cost in a big ways and since rubber forms the biggest part of their cost this saving will add to their bottom line and we could expect the strong performance from Ceat to continue. So, the stock is a longer term buy for me with a target of Rs 135. For the day I am buying it with a target of Rs 115. One may buy Tata Global Beverage. I have been positive on the stock for a very long period of time. I will buy it with a target of Rs 175. Once again I think their strong fundamentals as well as the results that they are able to deliver every quarter increases my confidence on the stock. For the day I buy it with a target of Rs 154.