Buy Apollo Hospitals, Bharat Forge, Sintex: Saurabh Mittal

In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal of Swadeshi Capital shares his trading strategies for the day.

I have a buy call on Apollo Hospitals Enterprises with a target of Rs 990 and a stop loss of Rs 935. Apollo Hospitals Enterprises had a good trading day yesterday and the results although not very good, they have expansion plans in place. They are trying to add almost 1,000 beds in the next 12-18 months. So this stock is good for the medium-term to long-term as well as a strong call for today’s trade as well. I have a buy call on Bharat Forge with a target of Rs 237 and a stop loss of Rs 229. Bharat Forge’s results were also not great but the stock has taken some beating and is trying to recover. Technically it had a good trading session yesterday and I hope that strength continues in today’s trade even that the market should look steady today. I have a buy call on Sintex Industries with a target of Rs 50 and a stop loss of Rs 48. Sintex Industries has been trading strongly, it did well yesterday and the stock seems to be going at least to Rs 50 level if not more. If it breaks above Rs 50, I think it should go to Rs 55-56 level pretty soon. I have a buy call on Apollo Tyres with a target of Rs 93 and a stop loss of Rs 88. Apollo Tyres had a good session yesterday but it has come down from its recent highs and I think it is attempting a technical pullback and that strength should be apparent in today’s trade as well.