Buy Finolex Ind, Unitech, MTNL: Saurabh Mittal

In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal of Swadeshi Credits shares his trading strategies for the day.

Buy Finolex Industries with a target of Rs 126 and a stop loss of Rs 116. The company delivered very good result for the last quarter and the stock has steadily risen in the last few trading sessions. I expect another 10-15 percent upside and it should do well for today’s trade.
Buy Unitech with a target of Rs 30 and a stop loss at Rs 27.50. it has had a decent run for the last few sessions and that should continue given that the interest rate environment looks soft going forward and the real estate stock should benefit from that in the near future.
Buy MTNL with a target of Rs 24.50 and a stop loss of Rs 21.50. The stock did well in yesterday’s trading sessions given the rumor that there might be a restructuring package coming out from the government for a few of these beaten down public sector companies and MTNL should benefit from that and we should see some more strength in this going forward.
Buy Aurobindo Pharma with a target of Rs 202 and a stop loss of Rs 195. It is close to its 52-week high and I expect that to be crossed in the next couple of trading sessions and maybe it should be steady for today’s trade as well.