Buy AP Paper, BF Utilities, Crompton: Cunha

In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha of ITI Wealth Management shares his trading strategies for the day.

Buy Andhra Pradesh Paper Mills with a target of Rs 251. AP Paper had hit a low of Rs 179 and since then has been moving higher up on better volumes. The reason is that probably the softening of raw material prices would be beneficial for the company and we could see improved performance in the future. Hence the momentum is on the upside and the stock could go up and hit its target of Rs 251. Buy BF Utilities. It has moved up yesterday on large volumes and the stock could move higher. There may be some announcement that may come in regard to one of its road development projects and in anticipation of that probably there could be some amount of buying taking place which could take the stock to its target of Rs 304. Buy Crompton Greaves. It is a turnaround story with Europe improving and with the steps taken by the management to improve cost efficiencies in the company’s operations. We should expect to see that this should generate sufficiently good profits in this quarter and if the trend becomes clear then Crompton could be on a turnaround path. Buy KPIT Cummins with a target of Rs 114. It has been moving up on volumes over the past few trading sessions. The stock has come out with good performance in its last quarter and based on that we expect to see that in line with all other IT companies the stock could perform better and could hit its target price of Rs 114.