Buy Karnataka Bank, Polaris, Ipca Lab: Sharmila Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares his trading strategies for the day.

Buy Karnataka Bank with a target price of Rs 151 and a stop loss at Rs 145.
I would buy Aditya Birla Nuvo with a target price of Rs 1,080 and a stop loss at Rs 1,039. This company has been delivering a very strong performance. The fact that it has an exposure to an insurance arm and we could be hearing on some increment in FDI for insurance, which would put the stock in limelight for the day.
My next stock call is Polaris Financial Technology. This I buy with a target Rs 122 and a stop loss at Rs 117. Again I think the strong play in the midcap IT space. The interest on this stock will continue and build up as we hear more and more earnings coming into the fray. So I buy this stock with a target of Rs 122.
The last stock on my list is Ipca Laboratories. This I buy with a target of Rs 621 and a stop loss at Rs 597. This is a very strong play in the midcap pharma space and this is one pharma company that has the ability to really make it into the largecaps. Again this quarter will be good for Ipca for its malarial portfolio. You are already hearing a lot of Dengue in the air and their anti-malarial portfolio is very strong. So unfortunately this season will work in favour of Ipca, so I buy this with a target of Rs 621 and a stop loss at Rs 597.