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Last Updated : Jun 28, 2013 01:26 PM IST | Source: CNBC-TV18

Buy HDIL, Bajaj Finserv, IVRCL, IFCI: Tulsian

One may buy Housing Development and Infrastructure with a day target of Rs 37.50 and stop loss of Rs 34.50, says SP Tulsian of sptulsian.com.


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


One can buy Housing Development and Infrastructure (HDIL) with a day target of Rs 37.50 and stop loss of Rs 34.50. The stock is seeing value buying coupled with short covering at the lower level and this momentum is likely to continue. Apart from that the real estate stocks are seen to be coming back in focus and hence a buy call.


One can buy Bajaj Finserv with a day target of Rs 688 and stop loss of Rs 625. This Bajaj Finance Holding company has applied for the banking license and this company on a consolidated basis is having an EPS of Rs 105 for FY13. In the current year also the performance is seen to be quite good. This bank application is likely to be seen quite positive by the market as company seems to be a strong contender for the bank license and hence a buy call.


One can buy IVRCL with a day target of Rs 15.50 and stop loss of Rs 14. The stock has been excluded from F&O and from today it is not traded in F&O. Because of this we have seen huge informed and value buying having taken place yesterday. Now there is no fear of the stock getting hammered by creating shorts in the F&O position and the value buying by the informed circle is likely to continue in the stock in the near-term and hence a buy call.

One can buy IFCI with a day target of Rs 24 and stop loss of Rs 22. The government is likely to appoint Santosh Nayar, State Bank of India (SBI) person as CEO and MD of the company and Mr Malla as the chairman of IFCI. The company is likely to take up the aggressive business plan going ahead and no stake sale is being talked about now by the government in the company. This is likely to be seen as a positive by the market due to restructuring of the executive team of the company and hence a buy call.

First Published on Jun 28, 2013 01:26 pm
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