Buy Aurobindo Pharma, Amara Raja, Vadilal Ind: Cunha

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

Buy Aurobindo Pharma with a target price of Rs 182. Aurobindo Pharma has recently received approval by the US FDA for various drugs that it plans to export to US. I believe this is positive for the company and we should see margins as well as volumes improving, in the results that will come going forward. Buy Amara Raja Batteries with a target price of Rs 267. Amara Raja Batteries had come out with very good results and I see that the stock had recently been beaten down and now we are seeing major recovery in the stock. Given this improved results I expect the buying momentum to continue and the stock to move to its target price of Rs 267. Buy Vadilal Industries with a target price of Rs 237 and a stop loss of Rs 210. Buy Kalpataru Power Transmission. I believe Kalpataru Power Transmission will see the benefits of new orders going forward and recently post results the stock had corrected a bit – now has seen some improved volumes and has started moving up. I expect the momentum should take the stock to its target price of Rs 86.90.