Buy Unitech; sell IndusInd Bank: Sukhani

SP Tulsian, sptulsian.com advises to buy Unitech and sell IndusInd Bank.

Tulsian told CNBC-TV18, “First call is a buy call on Unitech with a price target of Rs 30 for the next 45 minutes with a stop loss of Rs 28.75. Second, where I have taken a short call is on IndusInd Bank.”
He further added, “If one really see the financial performance now with FY12-13 EPS at Rs 22, share is ruling at a PE multiple of Rs 21 and price to book of 3.30. Maybe this rally is likely to last if not for the day at least for this series and thereafter we are going to see a good correction in the stock. I am not expecting or not ruling it out to fall to about Rs 430 or so. Even if one takes the remaining days view maybe the next 45 minutes I have given a target of Rs 460 with stop loss of Rs 467. 50.”