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Last Updated : Jan 14, 2013 01:19 PM IST | Source: CNBC-TV18

Buy Mahindra Satyam, Sintex Ind, DCB: Sharmila Joshi

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


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


I start by buying Mahindra Satyam. This I buy with a target of Rs 119 and a stop loss at Rs 114.50. The Infosys numbers have of course put the zing back in the sector and Mahindra Satyam within the midcap IT space is a stock that I continue to like. I would buy this with a longer term target of about Rs 150, but for the day I am buying it with a target of Rs 119.


The next stock on my list is Sintex Industries. This I buy with a target of Rs 72 and a stop loss at Rs 70. We have seen a decent set of numbers from Sintex where we have seen that the profitability has been more. If you remove the forex or add back the forex loss component then the profit number is better. So this gives me a sense that this is a company that is really recovering from the bad quarters that it has had and the financials should improve going ahead. So this is a stock that I buy with a target of Rs 72.


The next stock on my list is Development Credit Bank (DCB). This I buy with a target of Rs 50 and a stop loss at Rs 48. Once again a bank where numbers are to be announced on Monday and overall a bank that I would buy with a longer term target of about Rs 65. A private bank that is going at a fast pace, we have seen the kind of efforts that they have taken that have shown improved numbers overall whether it is Net Interest Income (NII), whether it is cost efficiency, lot of things looking better for DCB. So I would buy it with a target of Rs 65, for the day I am buying it with a target of Rs 50.

The last stock on my list is Nitin Fire Protection Industries. This I buy with a target of Rs 71 and a stop loss at Rs 68.50. Here again we get a sense that the earnings for the company are looking better, margins are looking better, debt-equity is coming down. We have seen good amount of buying coming into the stock in last week, so this is a stock that I buy with a target of Rs 71.

First Published on Jan 14, 2013 01:14 pm
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