Buy Suzlon Energy, Delta Corp, GVK Power: Mittal

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

Buy Suzlon Energy with a target of Rs 27 and stop loss of Rs 24. Suzlon has seen a decent up rise from Rs 19 levels and it continues to be strong. They have said that they will raise up to USD 500 million from the sale of non critical assets and that might help their cash flow as well as their business prospects going forward. The stock has taken a hammering over the last few years but it seems like they might be able to turn it around for the short-term at least. So I think there should be some more upside left to this stock. Short Jubilant Foodworks with a target of Rs 1000 and stop loss of Rs 1060. Jubilant has been in the news, the results were in line but the management doesn’t see too much of consumer confidence going forward. The stock has taken some beating in the last couple of trading sessions. With the economic situation being the way it is I see some pressure on the stock although for the long-term it might still be good but it might see some pressure in the short-term. Buy Delta Corp with a target of Rs 73 and stop loss of Rs 68. Delta Corp has also come down substantially from its intermediate high but the stock is pretty good stock in the gaming sector. It is probably one of the only stocks that you can get exposure to in the gaming sector having multiple licenses to operate casinos not just in Goa but also in Nepal and Sikkim. That could be a stop for the medium to long-term but given market conditions there might be a bounce in the short-term. Buy GVK Power with a target of Rs 13.5 and stop loss at Rs 12.7.