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Last Updated : Jul 24, 2013 12:21 PM IST | Source: CNBC-TV18

Buy Zee Entertain, Tech Mahindra, Thomas Cook: Diwan

Prakash Diwan of Altamount Capital Management is of the view that one may buy Zee Entertainment Enterprises with a target price of Rs 250.50 and a stop loss of Rs 235.50.


In CNBC-TV18's popular show Bull's Eye, Prakash Diwan of Altamount Capital Management shares his trading strategies for the day.


Zee Entertainment Enterprises is a stock that has seen a little bit of a pullback in the last few sessions, but has not yet wholeheartedly participated. My guess is given the sector rotation that is very clearly evident in the market, it is time for media stocks to come into the limelight. One may buy Zee with a target price of Rs 250.50 and a stop loss of Rs 235.50 is the pick for the day.


One may go long on Tech Mahindra. We have seen some positive news flow around the stock and given the usual momentum in IT stocks with a weak rupee some of these smart players are likely to benefit tremendously. Buy it with a target price of Rs 1,213 and a stop loss of Rs 1,166.


One may go long on Nitin Fire Protection Industries. A typical midcap stock that has been in the fancy, lost some momentum on account of negative news flow, but there is very clear evidence from the management that this should be an aberration of sorts and the company would bounce back in terms of its earnings and the order inflow. I believe it is a good stock in terms of valuations for the medium to long-term.

One may go long on Thomas Cook (India). It is a stock that has seen some extremely positive momentum given the kind of divestment of its real estate piece which the company has already undertaken. This augers extremely well for the balance sheet and the company would emerge much stronger after this entire exercise. We would go long on Thomas Cook with a target price of Rs 58.50 and a stop loss of Rs 55.

First Published on Jul 24, 2013 12:21 pm
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