Buy MRPL, REC, 20 Microns: Tulsian

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

Buy MRPL with a target of Rs 71 and stop loss of Rs 64. The company has posted robust Q2 numbers with GRM of USD 9.19 per barrel and EPS of Rs 6.76 for Q2. Apart from this the company has processed the highest crude through put of 3.59 million tonnes in this quarter and the PAT for Q2 has surpassed what the company has posted its bottom-line for whole of FY12. Buy REC with a target of Rs 230 and stoploss of Rs 218. The company has posted robust Q2 numbers with EPS of Rs 9.66 for the quarter and the asset quality of the company has improved in this quarter. Apart from that the loan book has crossed Rs 1 lakh crore and this is a big landmark for the company and the performance of the company is likely to be quite good in the second half also and hence a buy call. Buy 20 Microns with a target of Rs 160 and stop loss of Rs 146. The company is into the manufacturing of white minerals offering innovative products and we have been seeing informed and value buying in the stock for the last 15 days or so. The stock having touched 52 week high is likely to perform better in the near term and hence a short-term buy call on the stock. Short Crompton Greaves with a target of Rs 115 and stop loss of Rs 124. The performance of the company on consolidated basis for Q2 has been very poor and the power system segment of the company on consolidated basis has posted an EBIT of just 0.5 percent due to the negative performance or negative contribution from the overseas operations which contributes to the 60 percent to this segments top line. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.