Buy Aurobindo Pharma, Tata Motors DVR; sell IFCI: Joshi

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

One can buy Aurobindo Pharma with a target of Rs 206. From valuation perspective the stock looks good at this level. I will buy it with a longer-term target of about Rs 215. We have seen that the discount gap between Tata Motors differential voting rights (DVR) and Tata Motors had opened up to more than 50 percent. There is some amount of catching up that Tata Motors DVR is doing and we are seeing a lot of buying coming into that. I would buy this with a longer term target of Rs 185 and for the day I am buying with a target of Rs 173. One can buy Dish TV India. We have seen the increase in set top boxes as well as what the recent addition of subscriptions has done for their revenue stream. Going forward things will look significant better for Dish TV. This is a stock that I will buy with a target of Rs 51.90. Given the way markets are panning out, I do see a lot more weakness coming into the financial space and banking in particular. So, within that space I choose to go short on one of the slightly weaker name, so I will sell IFCI.