Buy Autoline Ind, Jet Airways, Essar Ports: Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.

Buy Autoline Industries with a day target of Rs 125 and stop loss of Rs 109. I am continuing this call, which I gave yesterday also which hit the upper circuit of 20 percent yesterday. On the informed buying seen in the stock on the hopes of a big corporate move likely to happen and if we see purely on fundamentals also the stock looks to be undervalued amongst the auto ancillary space and hence a buy call.
Buy Jet Airways with a target of Rs 523 and stop loss Rs 494. The Jet-Etihad deal is likely to happen in this month only and on anticipation of that the value buying is likely to emerge again in the stock because in the last 15 days people have exited from the stock on the hopes that the deal is likely to get delayed by about couple of months and now the renewed buying may emerge back and hence a buy call.
Buy Essar Ports with a day target of Rs 95 and stop loss of Rs 88. the company is likely to post good performance for Q4 on consolidated basis because of the larger volumes coming in from Essar Steel and Essar Oil and the profit after tax (PAT) for Q4 on consolidated basis is likely to exceed Rs 100 crore, which is likely to make the stock give a good upmove on an intraday and hence a buy call.
Short Adani Enterprises with a day target of Rs 210 and stop loss of Rs 218. The trading weakness is seen in the stock and it is seen that that people are exiting from the trading as well as delivery positions in the near-term, which may keep the stock subdued in the near term and hence a sell call.