Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.
This week, SP Tulsian of sptulsian.com, Ashish Kapur of Investshoppe and Lancelot D Cunha of Sharyans Wealth Mgmt battle it out for top honours.
Below their top stock picks and analysis: SP Tulsian of sptulsian.com
One can buy Suzlon Energy with a day target of Rs 33.30 with stop loss of Rs 30.85. The company has been continuously receiving the orders from India as well as from Europe and US because of the 100% acquisitions of the stake by the company in REpower. This is seen quite positive by the market because the company is a 5 billion dollar topline company and likely to turn around very soon. The stock has been witnessing value buying for the last one month and hence a buy call has been given.
One can buy Dena Bank with a day target of Rs 89.50 and stop loss of Rs 84. Q3 results of bank have been very good where the asset quality has been improving with reduction in net NPA and for FY12 EPS of Rs 22 and book value of Rs 125 is seen as on March 31, 2012. Apart from this 5% stake purchased by LIC is also seen as a sweetener. This stock has been seen aggressively bought by the institutional investor in last 2-3 days and the trend is likely to continue. Apart from this the Greece debt crisis having resolved is also seen positive for the banking sector overall.
One can buy Shasun Pharma with a day target of Rs 71 and stop loss of Rs 63.80. This company has posted extremely good results for Q3 on consolidated basis wherein the PAT has been at Rs 24.60 crore against net loss of close to Rs 10 crore posted by the company in the same quarter last year. This is going to lead into the value buying in the stock in the time to come and hence a buy call.
One can buy Steel Authority of India (SAIL) with a day target of Rs 113 and stop loss of Rs 107. The buy call has been given because all the ferrous metals stocks are seen again in the focus and many other stocks like Jindal Steel and Power, JSW Steel, Bhushan Steel and Steel Authority are seeing value buying at lower level and this stock seems to be the lowest priced amongst this category and hence a buy call.
_PAGEBREAK_ Ashish Kapur of Investshoppe
My first call for the day is a long position on Gammon India with a target at Rs 64.50 and a stoploss at Rs 57. The logic for choosing Gammon is that this is one infrastructure stock which so far has not participated in the rally. There are concerns regarding Gammon - it has a big legacy of order which are low margin and that has impacted the performance in the previous few quarters but nevertheless at the current price it does represent a good buying opportunity.
My second call for the day is a long position on VIP Industries with a target at Rs 132.5 and a stop loss at Rs 116.50. VIP has been in momentum for the last couple of weeks. The stock bottomed out at Rs 80 level and with all the negative news factored in it has witnessed good amount of buying interest. We expect this interest to continue. The company is fundamentally very strong, so we are quite happy with this company and in the consumption space this is one stock which looks very attractive.
My third call for the day is a long position on HPCL with a target at Rs 316 and a stop loss at Rs 279. HPCL results which have come out yesterday have been brilliant. The company has surprised market with the kind of stellar numbers it has produced both on the topline as well as the bottomline. Going ahead we expect oil refining and marketing majors to also start participating in the market rally. So far HPCL, BPCL and IOC have been lying low.
My final call for the day is a long position on SKS Microfinance. We feel that the stock has got into momentum and can continue for a couple of days more. This is one company which has witnessed a huge amount of selling pressure because they were number of negative triggers. The whole business model of the company seems suspect but the current price all the negative triggers are more than factored in.
_PAGEBREAK_ Lancelot D Cunha of Sharyans Wealth Mgmt
My first pick for today is Hathway Cable. It
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