Buy Anant Raj Ind, UB Holdings, Mangalore Chem: Tulsian
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
November 08, 2012 / 16:03 IST
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
Buy Anant Raj Industries with a day target of Rs 94 and stop loss of Rs 88.50. I am continuing this buy call which I gave yesterday on the reason that the company is likely to post better Q2 numbers tomorrow and ahead of that for last three-four days we have been seeing informed value buying in the stock which is likely to continue till tomorrow and I am expecting that maybe share can hit three digit mark in this week and hence a buy call.Buy UB Holdings with a day target of Rs 132 and stop loss of Rs 125. This is the flagship investment arm of UB group which is holding 2.40 crore shares in United Spirits Limited and it is expected that the promoters are likely to sell the stake in United Spirits Limited to Diageo at a hefty valuations which is learned to be over Rs 1,500 per share and that is likely to see good increase in the value of the investments held by the company.Buy Mangalore Chemicals and Fertilisers with a day target of Rs 48 and stop loss of Rs 43.75. This UB group company has posted excellent Q2 number with PAT of 56 crore and EPS of close to Rs 4.40 paise for the quarter while the same was net loss and negative EPS in the first quarter and this kind of performance is likely to continue in the future also apart from that the stake sale by the promoters is a big trigger in the stock.Buy Manappuram Finance with a day target of Rs 39.50 and stop loss of Rs 37. the company is likely to post good Q2 numbers today with EPS for the quarter likely to be over 2 and that can see the renewed buying coming back into the stock which can make it move pass Rs 40 in this week. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
