Buy HDIL, Ashok Leyland, Voltas: Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, Peerless Securities shares trading strategy of the day.
 
Buy HDIL with a target of Rs 124 and a stop loss at Rs 119. Within the real estate space, I think this is a stock that can go up to Rs 135 levels. For the day, I am buying it with a target of Rs 124.
 
Buy Allahabad Bank with a target of Rs 188 and a stop loss at Rs 181. A good quality midcap public sector undertaking (PSU) bank, still trading below its book value. So we are seeing buying return selectively to the good banks. I think Allahabad Bank belongs to that category. This is a buy for me with a target of Rs 188.
 
Buy Ashok Leyland with a target of Rs 28. We have seen a lot of stocks within the auto space react quite favourably. So I think that going forward you would see buying coming into stocks which have a good rural presence which have a good export line up, stocks which are in the MCV-LCV kind of space and I think Ashok Leyland fits that bill quite nicely. I would expect this stock to go up to a level of about Rs 32.
 
Buy Voltas with a target of Rs 108.50 and a stop loss at Rs 104.50. Once again here we have seen the stock recover from some bad quarters. But in this last quarter we have seen a good amount of order inflow. Going ahead, there is expectation that the orders from Middle East would improve. Therefore, if you have to buy a stock within the capital goods space where you can expect a PE expansion going forward then I think Voltas fits that bill nicely. I would keep the stock with a longer-term target of Rs 130. For the day, I am buying it with a target of Rs 108.50.