In CNBC-TV18's popular show Bull's Eye, Prakash Diwan of Altamount Capital Management shares his trading strategies for the day.
One may go long call on Fresenius Kabi Oncology. This is a company that has been trying to get delisted but the news flow has been waxing and waning quite a bit on this. Finally with the nod that we have got from the regulator for this particular action, this should augur well for the stock of the day. One may go long call on Mahindra & Mahindra Financial Services. We have seen them getting into the over sold zone. They are coming back into little bit of an interest. Given the kind of interest that these funds are showing into this space I am sure that Mahindra & Mahindra Financial Services would also start attracting some decent valuation going forward given its unique model. M&M Financial is a long today with a target price of Rs 267 and a stop loss at Rs 250. One may go long call on Eros International Media. That company that is into film production as well as distribution has done very well with the recent releases that has done well on the box office. We have seen over the last one quarter a significant change in institutional interest especially from the FII side where the holding has gone up significantly as well as from the domestic Institutional investor side. I believe this is very clearly an indication of quite a lot of positive triggers to come for the stock. We would go long on Eros with a target price of Rs 138.50 and stop loss at Rs 130.50. One may go long call on Biocon. It has done extremely well in the last few sessions, getting out of a slumber kind of a zone. I believe the news flow around this will be positive given the consolidation that is emerging and the global pharma space. This is one of the well run pedigree kind of a company, unique in its way and I believe that should augur well for the stock in the medium to long term as well as for the day given the momentum. The target price of Rs 319.50 and a stop loss of Rs 299.50Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
