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Last Updated : Dec 20, 2012 04:31 PM IST | Source: CNBC-TV18

Buy Adani Power, Prozone Capital, Mercator: Tulsian

SP Tulsian of sptulsian.com has recommended buying Adani Power, Hitachi Home, Prozone Capital and Mercator today.


SP Tulsian of sptulsian.com has recommended buying Adani Power, Hitachi Home, Prozone Capital and Mercator today.


Tulsian told CNBC-TV18, “Buy Adani Power with a day target of Rs 72 and stop loss of Rs 68. This stock is witnessing informed buying on hopes that Narendra Modi will be returning back in power in Gujarat for the third term and this will be seen quite positive for the Adani group. And since this company is into financial stress because of high raw material cost, some relief or some move by the ministry is going to be seen quite positive for the company which can change the long-term prospects hereon and hence a buy call.”


Tulsian further said, “Buy Hitachi Home & Life Solutions with a day target price of Rs 60 and stop loss of Rs 150. The 70 percent promoter stake held by Hitachi is seeing to be doing quite well and the expected turnover for FY13 is likely to be over Rs 1,000 crore with EPS expected to be close to about Rs 15 and the change in fortunes is likely to make the stock move to about Rs 250 in next six months or so.”


“Buy Prozone Capital Shopping Centres with a day target of Rs 42 and stop loss of Rs 39. This real estate company has emerged out of the hiving off from Provogue (India). This company having net worth of Rs 400 crore and a debt free status is seen to be having good and rich properties which are valued at very high valuations at the current rate. The informed buying is continuously seen in the stock since it got listed about couple of months back.”


“Buy Mercator with a day target of Rs 22.50 and stop loss of Rs 21. The shipping stocks have come back in focus and all the shipping stocks have seen some buying on the hopes that the global freight market have improved. And specifically in this company the promoters are looking to monetize some of its overseas assets or coming out with the IPO in the overseas market. The company seems to be quite undervalued considering its present price and hence a technical buy call on the stock,” Tulsian added.



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First Published on Dec 20, 2012 11:18 am
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