Buy IndusInd Bank, SREI Infra, Infotech: Joshi

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

Buy IndusInd Bank with a target of Rs 383 and a stop loss at Rs 374. We have seen a decent set of numbers from IndusInd Bank. NIMs have been strong and should improve in the second half of this year. So going forward I am quite positive on the stock. I would buy it with a longer term target of about Rs 430. For the day I am buying it with a target of Rs 383. Buy SREI Infra with a target of Rs 35.60 and a stop loss at Rs 34. We have of course read the news that their debt fund has been approved. The stock has already gone up, but I think that there is further upside on the back of this news. So I buy it for the day with a target of Rs 35.60. Buy Infotech Enterprises with a target of Rs 207 and a stop loss at Rs 196. We have seen a decent set of numbers from Infotech Enterprises and the way they have been ramping up in the first two quarters of the year seems to suggest that they will end the year on a strong note. I would have a longer term target of about Rs 240 on the stock, for the day I am buying with a target of Rs 207. Buy Ipca Laboratories with a target of Rs 435 and a stop loss at Rs 422. I have included this stock for two reasons. One is that given the way markets have closed I wanted a slightly defensive play within the list and post numbers I have liked Ipca Laboratories. The way their international business has grown gives me great confidence. Also they have received USFDA approval for one of their plants. So that would mean that their international business could see a further upside. Domestically things have been a little muted for Ipca Laboratories. But I think even that will look better in the second half.