In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
Buy Welspun Corp with a target of Rs 111 and stoploss of Rs 102. Welspun is a clear leader in the pipe manufacturing business, the company is doing very well and its order book stands at a whooping Rs 8500 crore. Along with this record level of order book the company is a preferred supplier amongst various fortune 500 companies. Buy Infotech Enterprises with a target of Rs 210 and stoploss at Rs 193. This company has reported stellar numbers in the last quarter, both the revenue as well as the bottom-line has shown a very healthy growth. Going forward we expect this momentum to continue and the company is especially bullish on the aerospace segment where it expects a lot of new incremental orders to come in. Buy Edelweiss Financial Services with a target of Rs 38 and stoploss of Rs 35. Edelweiss reported very strong numbers in the previous quarter. Moreover the growth has really been backed by a very strong performance in treasury and income operations. There income from capital based services has increased to 83 percent from 77 percent in the previous quarter. This augers very well as capital based services are more stable in nature. Buy Jyoti Structures with a target of Rs 48 and stop loss of Rs 43.50.Discover 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!
