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Buy Karur Vysya Bank, Escorts: Saurabh Mittal

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

December 31, 2012 / 03:35 PM IST
 
 
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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 a stop loss of Rs 550. Karur Vysya Bank has been going up in the last few trading sessions and it aims to take its business up by 25 percent to almost Rs 72,000 crore. The banking sector itself is looking pretty good. So I think in the coming time, all banking stocks should do well.

Buy Escorts with a target of Rs 75 and a stop loss of Rs 71. Escorts gave a beautiful quarter in the September ending with profits rising by almost double to Rs 18 crore and technically also the stock is looking strong above Rs 70. So I think target of Rs 75 should be achieved pretty soon.

first published: Dec 31, 2012 02:38 pm

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