Vayalar upbeat on JP Associates, GMR Infra, Biocon

Manoj Murlidharan Vayalar, IIFL PReMIA is upbeat on JP Associates, GMR Infra and Biocon and expects stocks are likely to see good upmove.
 
Vayalar told CNBC-TV18, “If you are just comparing this expiry, I feel there are three sectors which have seen some renewed buying in terms of the percentage money which is being allocated by the FIIs. One would be an infrastructure and second is pharmaceutical and cement.”
 
“In the cement pack, JP Associates would be our top pick into this sector. We still have a good 6-8 percent move in that but stock specific if I am looking into scrips where we feel there is good momentum, it can still come in.”
 
“In the infrastructure sector, for GMR Infra, Rs 19.13-19.14 needless to say even after the news that has come in a week before, there was good accumulation which happened at those levels and I feel it has a good potential to go all the way to Rs 24. Rs 24 is a big 30 percent move on that but still if it is an intraday call, let us say Rs 19.05 is where you buy it. Rs 18.06 should be a stop loss and Rs 21 is where we are seeing.”
 
“In the pharmaceuticals, I feel the stock for the month would be Biocon. That is one scrip there is excellent buying and I am sure, there is good accumulation happening possibly even the fund size because the nature at which it is being accumulated I feel this is one stock which can have a positive beta for this month. I guess somewhere close to Rs 293 on the future is what it is trading at Rs 281 should be a stop loss for the month if we are seeing and somewhere close to Rs 320 is a long-term target atleast for December.”