Buy Polaris, United Phosphorus, YES Bank, GMR Infra: 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 Polaris Financial Technology with a target of Rs 120. Overall I like the stock because of the kind of valuations that it is trading at. I think IT is a good space to be in. We have seen markets run up and IT has been correcting. I would expect IT to also join the rally and within that space at current valuations Polaris looks very attractive. To my mind it has a longer term target closer to Rs 135. For the day I buy it with a target of Rs 120. One may buy United Phosphorous with a target of Rs 142. We have not seen a very inspiring set of numbers in this quarter from the company. They have done worse than what they had done earlier quarter with marginal improvement over last years number but I expect this quarter to pan out very well for the company. Given the fact that we have had good monsoon and now that will reflect in results going ahead, I am expecting good numbers from United Phosphorus. One can buy YES Bank. We have seen the stock getting severely beaten in the kind of correction that we saw in private banks and YES Bank too it on the chin because of the other corporate issues that they have had. But the changing environment will mean that private banks and banks like YES Bank which depended on wholesale banking which is why we saw them taking a deeper cut will in fact bounce back faster. So I would buy the stock with even longer term target but I buy it on dips. One can buy GMR Infrastructure. We have seen turn around of sought for infra companies ever since we have heard that there would be focus in giving clearance to lot of these infra projects that were held up. We have seen the commissioning of power projects for GMR as well as some positive news flow on some kind of consent on pending issue with the Mauritius government. All things put together to my mind make GMR an attractive buy. A lot of the negatives are priced in at this point. I would expect the stock to rally to Rs 19 levels for the day and I am buying it with a target of Rs 15.90.