Buy Dabur, Ipca Labs, Escorts; sell Titan: Sharmila Joshi

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

I have a sell call on Titan Industries at Rs 285 with a stop loss at Rs 295.50. The news that we have had over the development on curbs coming on gold imports and the sluggish kind of growth in numbers for Titan, so this selling will continue on Titan and bring it down to Rs 270. I have a target of Rs 285 for the day.
I have a buy call on Ipca Laboratories with a target of Rs 619 and a stop loss at Rs 600. We have seen a good set of numbers from Ipca. Among the midcap pharmaceutical space, this is the stock which has the potential to ramp it and make it from a midcap size to a largecap size. Their anti-malarial portfolio is very strong and for this reason I continue to be bullish on Ipca. I would keep it with a slightly longer term target of Rs 660 and for the day I am buying it with a target of Rs 619.
I have a buy call on Dabur India with a target of Rs 161.50 and a stop loss at Rs 156.50. Within the fast moving consumer goods (FMCG) space we have seen most of the stocks hitting all time highs. The numbers for Dabur as well have been good. We are slightly volatile market and one could see safety coming back into the FMCG space, Dabur is my next buy.
I have a buy call on Escorts with a target of Rs 72 and a stop loss at Rs 69. We have seen tractor sales pickup and that is a good sign for both Escorts and Mahindra & Mahindra (M&M) because for the last couple of quarters we have seen that tractor sales were sluggish. So the fact that tractor sales are beginning to show growth as well as the fact that the India Meteorological Department (IMD) has said that we will have good monsoon this year.. Therefore, this would be a stock that I am buying with a target of Rs 72, but I would have a slightly longer term target of about Rs 85 on Escorts.