Buy Indraprastha Gas, Karnataka Bank, Yes Bank: Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, Peerless Securities shares trading strategy of the day.
 
Buy Indraprastha Gas (IGL) with a target of Rs 264 and stop loss of Rs 256. This stock has been recovering from the overhand of the Petroleum and Natural Gas Regulatory Board (PNGRB) issue and going forward things will look considerably better for IGL. Also we have to view this stock against the environment where we are seeing the likelihood that government will take the gas pricing issue more seriously going ahead. So putting all that together I do see a significant upside for the stock.
 
Buy Karnataka Bank with a target of Rs 180 and stop loss at Rs 173.50. Once again the news of takeover of Karnataka Bank is beginning to do the rounds and I think we will see positive momentum on the stock in days to come. I would buy it with a longer term target of about Rs 195 with a 15-20 days perspective.
 
Buy Yes Bank with a target of Rs 543 and stop loss of Rs 522. Results are expected and we have seen that private banks have delivered very nicely on the numbers front and I expect Yes Bank to carry that forward. I think there could be a further upside in the stock and also it is reacting to the news that it is likely to bid for the retail business of RBS. So good numbers coupled with this news is likely to take the stock to a new all time high.
 
Buy HCL Infosystems with a target of Rs 42.50 and stop loss of Rs 40.50. We have heard that the company is likely to restructure its hardware, telecom, education business etc and that’s a very good move going ahead and that would help the stock get better valuation in days to come.