Buy Dabur India, Tata Global, Idea Cellular: Joshi

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

Buy Dabur India with a target of Rs 152 and a stop loss at Rs 146. A very good set of numbers this quarter from Dabur along what analyst were expecting. I think more importantly and for me is a positive is the fact that they have shown very good volume growth in this quarter. This quarter’s volume growth has been the best in the last 11 quarters. This signifies that the slowdown that people were taking off is still sometime from happening and that FMCG companies will continue to post better numbers as has been displayed by Godrej Consumer and Hindustan Unilever. Buy Tata Global Beverage with a target of Rs 152 and a stop loss at Rs 145.30. We have seen the stock attract good amount of buying with good reason because post the carnage that we saw in midcaps some of the good quality names are now beginning to see recovery and as we see front-line stocks go higher to 5,900 levels I would expect good quality midcaps to play catch up that Tata Global has the potential to rally to about Rs 165-170 levels. For the day I am buying it with a target of Rs 152. Buy Idea Cellular with a target of Rs 138 and a stop loss at Rs 131.50. In this company we have seen very good quarter performance and going ahead it is going to be positive for Idea as the fact that their spectrum cost are significantly lower than what other telecom companies have paid. Also the fact that it is a pure telecom play and we have seen that this is getting them the good numbers and that is expected to continue in the coming quarters. This is a stock that I buy for the day with a target of Rs 138. Buy Dish TV India with a target of Rs 69.50 and a stop loss at Rs 66.90. Post round two of digitization, I like a lot of stocks within that space so I buy Dish TV today with a target of Rs 69.50.