Buy Karnataka Bank, UB Holdings, KPIT Cummins: Cunha

In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha, ITI Wealth Management shares trading strategy of the day.

Buy Karnataka Bank with target of Rs 144.90 and stop loss of Rs 138.

Buy UB Holdings. It is one of the major beneficiaries of United Spirits and the deal that will go through between United Spirits and Diego will benefit UB Holdings tremendously. In that context the market has seen some buying anticipating that the deal is likely to fructify. So I believe the momentum will continue and it should hit its target price of Rs 132.

Buy KPIT Cummins. It recently came out with good quarterly numbers; it is trading at an EPS of Rs 10 and per share expected for FY13 which means it is at a PE of 12. I believe that the stock could move higher and we saw some large volumes yesterday on some interest rate buying. That could drive the stock to its target price of Rs 128.

Buy L&T Finance Holdings. This stock has been going up for the past few trading sessions on improved volumes as well as on good financials. I see this trend continuing since it has broken out to new highs and it could move to its target price of Rs 63.50.

Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.