In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares her trading strategies for the day.
One may buy United Phosphorous. Overall I like the kind of numbers that we saw from United Phosphorous last quarter and I think that this quarter too that strong performance will continue. We saw a good uptick in revenues as well as net working capital days were reduced significantly. This backed by the fact that we have seen fairly good monsoon and even the winter crop is expected to be good given the fact that monsoons have been a little delayed bodes well for a lot of the fertilizer stocks. So for me United Phosphorous would be a buy with a longer term target of Rs 175. For the day I am buying it with a target of Rs 153. One may buy Godrej Industries. This is a stock that I would like for a fairly long period of time. I am really looking at this stock as a sum of parts kind of play where some addition is coming from their consumer business, their property business in all of which they have some kind of holding. The fact that they are able to spin of one of their smaller holdings and get good capital gains as we saw happen couple of years back. So for me Godrej Industries would be a buy with a target of Rs 300 plus. For the day I am buying it with a target of Rs 269. One may buy Dish TV India. We have seen lot of developments on Dish TV recently. Of course the digitisation bit has played out very well for the company and then we have had this product getting launched which is a streaming product so that also bodes well for Dish TV. I have a target of Rs 54.50 on the stock. One may buy Steel Authority of India (SAIL). Overall we are seeing a good pickup from the metal space, the high beta stocks are responding well in the current uptrend that we are seeing in the market. Also the kind of PMI data that we have got from China in the last three months on a trout has seen improvement which has given further impetus to the kind of buying that we have seen in the metal space. For me SAIL would be a buy with a longer term target of about Rs 60. For the day I am buying it with a target of about Rs 56.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
