Buy L&T Finance, IVRCL, Fortis Healthcare: Sharmila Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, Peerless Securities shares trading strategy of the day. 
 
Buy L&T Finance with a target of Rs 92.50 and a stop loss at Rs 88.50. We have seen a significant run up in the stock, but the overall buzz regarding the requirements for new banking licenses and the expectation that we could hear about that soon is what is causing the momentum and I continue to like this stock.
 
Buy IVRCL with a target of Rs 47 and a stop loss at Rs 44.80. This is of course a leading Build Operate and Transfer (BOT) player rand we have seen that the development of the Cabinet Committee on Economic Affairs (CCEA) meeting does have some positive fallouts for companies like IVRCL and overall this has been a space that has once again not really participated in this rally and I think that the kind of valuation that IVRCL is trading at makes it look good with a Rs 52-55 kind of target for slightly longer term.
 
Buy Fortis Healthcare with a target of Rs 118.50 and a stop loss at Rs 114.50. Ever since the news of their selling out their dental business in Australia there has been some cause for cheer in the stock largely because debt has been a big issue for Fortis Healthcare in the past and selling of this holding will mean that their debt-equity will come down to 0.6 from 1 and this is definitely good in the longer term, because they seemed to be addressing their debt issue very seriously.
 
Buy Allahabad Bank with a target of Rs 169.50 and a stop loss at Rs 164.50. We are seeing interest return to the banking space and the PSU banking space for stocks like Allahabad Bank which are trading below their book value and I think with good reason because as we approach January traders will look to take positions in good banking stocks where in the event of a rate cut you could see prices move up very smartly.