Buy Adhunik Metaliks, SpiceJet, Muthoot Finance: SP Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
 
Buy Adhunik Metaliks with a day target of Rs 45 and stop loss of Rs 39. The company has commenced the commercial production of one of its power unit of 270 megawatt (MW) last week. Apart from that, the September quarter on the consolidated basis, company had an earnings per share (EPS) of Rs 2.90 paisa and both these things are likely to be seen quite positive by the market and share may witness value buying and hence a buy call.
 
Buy SpiceJet with a day target of Rs 48 and stop loss of Rs 43.50. Company having posted a profit after tax (PAT) of Rs 102 crore for Q3 has already seen share having moved up but it is learnt that Jet-Etihad deal is likely to happen very soon and that will be seen as a big trigger for re-rating the stocks on the valuation front and can make the stock to move to Rs 55 to Rs 60 in next couple of months. Hence, a buy call.
 
Buy Muthoot Finance with a day target of Rs 219 and stop loss at Rs 210. In view of increase in custom duty on gold from 4 percent to 6 percent, the gold finance companies are going to be seeing the increase in their business because of the margin expansion on the mortgage assets. This is going to be seen positive by all the gold finance company and negative for the gold and jewellery makers. So buy call on Muthoot Finance has been given for the day.
 
Buy Reliance Communications (RCOM) has a target price of Rs 93 on RCOM and a stop loss should be placed at Rs 88.