Buy Suzlon Energy, Reliance Media, SpiceJet: SP Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares his trading strategies for the day.

Buy Suzlon Energy with a day target of Rs 15.30 and stop loss of Rs 13.50. The company has given a release to the stock exchanges saying that its 100 percent subsidiary REpower is looking to have a cost saving of 100 million euro in FY14 because of the efficiency to be brought in, the cut into the employees, improvement in the production, savings in the production cost and all sort of things and they are also going for the rationalization of the manpower and that will be seen quite positive by the market on the stock which can move up by about 25-30 percent in this next one week or so, but the day target has been given at Rs 15.30 with a buy call on the stock. Buy Reliance MediaWorks with a day target of Rs 55.70 and stop loss of Rs 52. The company has entered into a USD 9 million deal with a US company for co-production and visual effect which is going to improve the performance of the company and that may see the buying coming in into the stock and hence a buy call. Buy SpiceJet with a day target of Rs 41 and stop loss of Rs 37. Post the Jet-Etihad deal now entire focus is shifted on this stock, because this is the only undervalued stock available in the aviation space with an enterprise value of less than USD 1 billion against the enterprise value deal having taken place with Etihad in case of Jet at over USD 5 billion and the informed buying is seen into the stock continuously happening and every passing day will make the stock to move up. The stock has potential to move up by 40-50 percent in these next 15-20 days. Buy Indraprastha Gas (IGL) with a day target of Rs 320 and stop loss of Rs 300. The final hearing of the Petroleum & Natural Gas Regulatory Board (PNGRB) appeal pending in the Supreme Court is to be heard tomorrow against the Delhi High Court order which has given relief in favour of IGL and if Supreme Court gives any kind of relief or dismisses the appeal of PNGRB which is most likely, that will be seen quite positive for the company, because that again make the stock to move up further from hereon by about 15-20 percent, but the day target has been given at Rs 320.