Go long on Dabur, Bata, Finolex Cables, Tata Global: Kapur

In CNBC-TV18's popular show Bull's Eye, Ashish Kapur of Investshoppe shares his trading strategies for the day.

One may go long on Dabur India with a target of Rs 174 and a stop loss at Rs 163.50. In this market fast moving consumer goods (FMCG) appears to be the best place to stay if one has a trading perspective for the near-term and to that extent Dabur appears to be a very good idea.

Yesterday also, we saw a good momentum in this stock and we expect this to continue. Dabur is a very safe and sound model with very strong brands and a very good distribution network. Though the valuations are a bit on the higher side but from a trading perspective the kind of momentum, which we have seen build on it, it is a clear favourite in terms of near-term trades. So to that extent we are suggesting a long here with a target of Rs 174 for the day.

One may go long on Bata India with a target of Rs 960 and a stop loss at Rs 915. Here too we feel that from a trading perspective atleast the downside is very limited. The stock is on a clear upward trend and the company also is doing very well fundamentally. The kind of position, which they occupy in the footwear industry especially the organised footwear segment, is clearly very sound. The company also has very aggressive plans to roll out new products, new value added items as well as new branded stores in various towns and cities. So, given all that, we feel both from a trading as well as an investment perspective, this is a good idea and for the day we are keeping the target at Rs 960.

One may go long on Finolex Cables with a target of Rs 67 and a stop loss at Rs 60.50. Finolex derives 90 percent of its turnover from electrical cables and 10 percent from telecom cables. This erstwhile bluechip has seen a very smart turnaround in its performance last year after many years of a lackluster operating performances. The performance is also very good because it has been a very tough year especially for power and power ancillary companies.

One may go long on Tata Global Beverage with a target of Rs 165 and a stop loss at Rs 155. The stock has a number of products in tea as well as other beverages. The company is slowly and steadily building a very solid foundation. We expect the performance to continue improving going ahead. The company in its latest annual general meeting (AGM) has also stated that they will continue to invest more in brand development and to fund this, they will slowly get out of all unrelated investments and sectors. We feel that the company is very well poised to do well over the next couple of years.