Moneycontrol
Get App
Last Updated : Dec 21, 2012 05:57 PM IST | Source: CNBC-TV18

Buy Bombay Dyeing, Mukand, NCC: Tulsian

SP Tulsian of sptulsian.com has recommended buying Bombay Dyeing, Mukand and NCC.


SP Tulsian of sptulsian.com has recommended buying Bombay Dyeing, Mukand and NCC. 


Tulsian told CNBC-TV18, “My first stock for the day is a buy call on Bombay Dyeing with a day target of Rs 140 and stop loss of Rs 133. This company is not treated as a textile company but more as a real estate company because it is holding close to about 100 acres of land in central Mumbai at two locations. And share is seen to be quite undervalued when compared to other real estate stocks because the development at both the locations are going in full swing with sale of premises. We have been seeing informed buying again emerging in the stock because of the positive bias on the entire sector and hence a buy call.”


He further added, “Second call for the day is a buy call on Mukand with a day target of Rs 33 and stop loss of Rs 31.40. It is expected that this Bajaj Group company is likely to make some corporate announcement which seems to be quite positive. It is also expected that company probably maybe able to turnaround in FY14 and on hopes of both these anticipations the share is witnessing informed buying for last couple of days, which is likely to continue in the near-term as well and hence a buy call.”


“Third call for the day is a buy call on NCC with a day target of Rs 58 and a stop loss of Rs 56. This real estate and infra company is likely to divest its stake in some of the JVs like power projects and BOT projects to monetize the assets and stake to pare its debt. And if that happens then it will be seen quite positive by the market and hence a buy call.”

“Fourth call for the day is a sell call on Karnataka Bank with a day target of Rs 160 and stop loss of Rs 170. Sebi has initiated the price volatility in the share price, happened in this last 15 days and on fear of that huge trading positions having made by the retail investors as well as by the informed circles are seeing getting liquidated. And this trend is likely to continue which can make the share to fall to around Rs 150 but the sell call has been given for the day with a target of Rs 160,” Tulsian added.



Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now!

First Published on Dec 21, 2012 11:19 am
Sections
Follow us on