Buy Zee News, La Opala RG, DB Realty: SP Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares his trading strategies for the day.

Buy Zee News with a day target of Rs 18.50 and stop loss of Rs 17. Board of the company is meeting next Monday on May 23 to consider Q4 results and they have hinted that they will be considering the dividend. If dividend comes in, that will be after a gap of four years which will be seen quite positive by the market. As such all the media stocks are in focus. Buy La Opala RG with a target of 400 and stop loss of Rs 374. The company has posted very good numbers for Q4 where in the operating profit has more than doubled to Rs 10 crore plus against sub Rs 5 crore in the similar quarter of the previous year. Apart from that the EPS for whole of FY13 has been at Rs 21 plus against Rs 11 plus for FY12. This is likely to see the buying momentum coming into the stock and hence a buy call. Buy DB Realty with a target of Rs 81.50 and stop loss of Rs 74.50. One of the company in which the promoters are holding interest that is Siddhivinayak Realties having development rights for Juhu Centaur Hotel has received favourable high court order and now they will be having the ownership of that property. So this seem to have rub off effect on the share price of this company also because overall if the liquidity improves and if the promoters are able to monetize this property then that is seen quite positive for the stock as well and hence a buy call. Sell Dena Bank with a target of Rs 90 and stop loss of Rs 95. The gross and net NPA has risen by 10 bps and 8 bps and even Q4 profit after tax of Rs 126 crore has come in by the tax reversal of Rs 67 crore which may not be liked by the market and we may see the selling pressure coming in this bank stock.