In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha, ITI Wealth Management shares trading strategy of the day.
Buy Castrol India with a target price of Rs 317.50. Castrol has come out with good numbers and is actually looking strong considering that global crude prices have also been stable over the last quarter. We have seen demand volume grow, so in a sense from a little long-term perspective also this stock looks good. Recently this stock has broken out above Rs 400 level and on a technical basis could look to move upwards and hit the target price of Rs 317.50.
Buy Marico Industries. Marico has come out with very good results and the stock has actually increased its profitability as well as sales. Based on this outlook Marico is a good investment even from a long-term perspective and the fact that the results are good could see some interested investor buying in Marico and that could take it to its target price of Rs 236.
Buy United Phosphorus with a target of Rs 133.20 and stop loss at Rs 128.10.
Buy KPIT Cummins with a target of Rs 114.10 and stop loss at Rs 107.10.
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