Buy Divis Labs, Berger Paints, Liberty Phosphate: Tulsian

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

Buy Divi’s Laboratories with a day target of Rs 1,111 with a stop loss of Rs 1,050. The company has posted very good Q3 numbers with top-line growth of 30 percent and bottom-line growth of 22 percent on QoQ basis and this is likely to be seen quite positive by the market due to which the renewed buying interest may emerge in the stock and hence a buy call.

Buy Berger Paints with a day target of Rs 194, stop loss of Rs 178. The company has posted very good Q3 numbers with growth of 17 percent in top-line and 45 percent in bottom-line on YoY basis and the paint stocks are all seen to be on the investors’ buying list and this stock will also be seeing the buying because of these good numbers and hence a buy call.

Buy OnMobile Global with a day target of Rs 44 and stop loss of Rs 40. The company has posted very good Q3 numbers with PAT of Rs 21 crore against Rs 8 crore in the previous quarter and Rs 18 crore in the previous quarter of the last year and these results are likely to be cheered by the market due to which the renewed buying interest maybe seen on the stock and hence a buy call.

Buy Liberty Phosphate with a day target of Rs 223 and stop loss of Rs 210. Promoters having sold their stake to Coromandel International at Rs 241 per share have transferred about 55 percent stake to the escrow account being maintained with Axis Bank. Apart from that one foreign corporate body holding 14 percent stake in the company is also seen exiting from the stock by selling it in the secondary market or to the associates which indicates that the open offer may see 100 percent acceptance ratio due to which the share is seen a good arbitrage play as open offer is likely to get completed in next 2-3 months with a price of Rs 241 and hence a buy call.