Buy HPCL, NHPC, Mahindra Satyam: Sharmila Joshi

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

Buy Hindustan Petroleum Corporation (HPCL) with a target of Rs 290 and stop loss at Rs 278. If you were to see a diesel and kerosene price hike then we could see a significant benefit for oil marketing companies where diesel under recovery accounts for almost Rs 10.
Buy NHPC with a target of Rs 26.40 and stop loss at Rs 25.30. We have been seeing a fairly decent rally in NHPC and if you were to look at stocks within that space and given the capability and the size of NHPC then there is very good reason to buy the stock. It is largely because of its huge market cap that NHPC has traded in this range that it has. But I think that things look to be changing for NHPC. So I would be positive on the stock with a slightly longer term view as well.
Buy Mahindra Satyam with a target of Rs 108 and stop loss at Rs 103.50. Here too I would have a slightly longer term target of about closer to Rs 125-130 reason being the fact that we have seen good set of numbers coming from Satyam. We have seen in fact an EBITDA margin improvement. We have seen a fairly decent pipeline and going forward if you look at the kind of EPS that is expected and the PE that the stock is trading at then it gives me reason to believe that Rs 130 is a very possible target on the stock. So I buy this with a target of Rs 108 for the day.