In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal, Swadeshi Credits shares trading strategy of the day.
Buy Karur Vysya Bank with a target of Rs 570 and stop loss of Rs 550. It has done well for the last few trading sessions, yesterday did not move up too much. I expect that momentum to regain itself. Karur Vysya has great business, it is looking to grow by about 25 percent. It is looking to grow its business to about Rs 72000 crore and the whole banking sector as a whole is looking pretty positive to me. So Karur Vysya is one of my picks in that sector.
Buy Escorts with a target of Rs 76 and stop loss of Rs 72. Escorts did well yesterday and I expect that momentum to continue in this stock. Escorts profits doubled last quarter to Rs 18 crore and it had a good business running technically it is looking pretty good and many brokerages also have a buy on Escorts.
Buy Speciality Restaurants with a target of Rs 180 and stop loss of Rs 171. This is a new sector that one can take exposure to. Speciality Restaurants the wining and dining sector so to speak. It has a lot of chains like Mainland China, Oh! Calcutta, its business is growing and with consumer spending going up I think this sector should do well in the future.
Buy Anant Raj Industries. Though it was involved in other businesses has recently been in the news for its real estate development and for its large land bank. So you can say you are taking exposure to the realty sector. The stock had done well, gone up to Rs 100, consolidated come down to Rs 90. I have a buy with a target of Rs 92 and stop loss of Rs 88.
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