Buy Exide Ind, Ashok Leyland, ENIL: Joshi

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

Buy Exide Industries with a target of Rs 139 and a stop loss at Rs 133. Overall the way metal prices, specially lead prices are coming down bode well for Exide which is a battery maker and we have seen a good performance a coming in, in terms of the kind of numbers that they have put in. Overall this stock has the ability to go back to Rs 160-165 kind of levels. For the day I am buying with a target of Rs 139. Buy Ashok Leyland with a target of Rs 23.75 and a stop loss at Rs 22.50. We have seen the auto numbers come in and predictably it has not been that great a month. But I think a lot of the negatives are factored into the price of Ashok Leyland. Going ahead two things would make me positive on auto as a space. One is the fact that we could be seeing interest rates coming down over the next couple of quarters. Buy Entertainment Network India (ENIL) with a target of Rs 259 and a stop loss at Rs 246. I am buying this because of the positive that come from the changes that we are seeing in the FM licence policy and ENIL with its Pan India presence stands to gain the most. I would be positive on the stock even from a longer term perspective. For the day I am buying it with a target of Rs 259. Buy Syndicate Bank with a target of Rs 134 and a stop loss at Rs 128. We have seen a very good set of numbers from Syndicate Bank this quarter. Market was anticipating the numbers which is why we had seen the run up in the stock, but on the profitability front Syndicate Bank has put in an outstanding performance and more so when you look at their gross NPA levels they have come down 6 percent. So that is very creditable for a PSU bank in a very challenging environment to really improve on their NPAs to this extent. I think that market will give this stock a further thumbs up, which is why I am buying the stock with a target of Rs 134.