Buy Adani Ent, Voltas, Ceat, PTC India: Experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Vishal Kshatriya of Edelweiss give top pick for the day.

Sudarshan Sukhani, s2analytics.com
Markets are in fine shape and together with the Nifty a lot of interesting stocks are giving bullish patterns. So the first of them to buy is Voltas. It bottomed out with a small base and now it has made a larger head and shoulder bullish pattern and it is coming out of that. So for today I would recommend going long in Voltas. It is just the beginning of what could easily be a strong momentum move on the upside. Adani Group stocks had been going through a deep correction, they have bottomed out and they have already come in our buy list earlier. Adani Enterprises, the flagship of that company, of that group is a buy for today. Consider buying Adani Enterprises, it has built a base, broken out and it is now showing strong momentum on the upside. So after a pause, it is again beginning to go up and the chances are that this momentum should continue. SP Tulsian, sptulsian.com Ceat looks a good stock to buy at the current level with a price target of Rs 132-134 in next couple of weeks because the company has posted very good numbers. Fourth quarter consolidated top line is at Rs 1350 crore with profit after tax of Rs 65 crore translating into an EPS of Rs 19 for the quarter. If you take a call on the whole of FY13 EPS which has been at Rs 35 on a consolidated basis, also will auger very well.
If you take a call on this stock the debt on the consolidated basis in the books of the company has not risen inspite company having commenced its radial plant at Halol. So may be with soft rubber prices which is likely to remain for some more time, we can expect a very good performance from the company and the target of Rs 132-134 can be looked in the stock in this month itself. Vishal Kshatriya, Edelweiss
Go long on PTC India. Stock has seen aggressive long buildup which is indicated by open interest data in Tuesday’s trading session. Technical oscillators have also given a buy signal. Traders can initiate long on May futures in the range of Rs 60-61, with a target of Rs 66 and stop loss below Rs 58. Tata Steel has given bullish inverted head and shoulder pattern breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias. I would recommend traders to initiate long on May Futures in the range of Rs 320-325, with a target of Rs 350 and stop loss below Rs 305.