HomeNewsBusinessStocksBull's Eye: Buy BHEL, Zee Entertainment, TV Today, Lovable

Bull's Eye: Buy BHEL, Zee Entertainment, TV Today, Lovable

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.

May 22, 2012 / 14:55 IST
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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, Aashish Tater of Fort Share Broking, Sharmila Joshi of Fairwealth Securities and Lancelot D Cunha of Sharyans Wealth Management battle it out for top honours Aashish Tater, Fort Share Broking Go long on BHEL with target of Rs 215.50 and keep a stoploss at Rs 202. We expect huge short covering rally post the announcement of result because we feel the worst case scenario is already built into the prices thus fundamentally also we are bullish on BHEL from a medium term perspective, we have a target of close to Rs 255 on the stock. Go long on TV Today with target of Rs 66.50 and keep a stoloss at Rs 64.70. It is a rollover from yesterdays trade. Go long on Tata Steel with target of Rs 415.65 and keep a stoploss at Rs 398.65. We saw some sharp reversal in trade and we feel if Rs 398 on closing basis is not tested the stock has potential to go and test Rs 430-448 from next 4-5 days perspective. Go long on Zee Entertainment with target of Rs 127 and keep a stoploss at Rs 122. We feel the company posted a better then expected result and thus the stock could see some short covering which might even take the stock to Rs 132 levels in 2-3 days time frame. Thus even a positional call can be taken on the stock with the same stop loss of around Rs 122 on closing basis. Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients. _PAGEBREAK_ Sharmila Joshi, Fairwealth Securities Buy ABB with target of Rs 715 and keep a stoploss at Rs 704. We have seen the stock actually correct quite a bit, post indifferent numbers that we had last week from the company. But I think on the back of the fact that we are seeing an overall recovery within that space as well as the fact that they have a new order win of Rs 175 crore from NTPC for the western grid should add some momentum to the stock. I do see it recovering to about Rs 750-760 levels in the near future. Buy Petronet LNG with target of Rs 134 and keep a stoploss at Rs 128. Probably the first leg of recovery for the stock has begun as it gets closer to the PNGRB issue getting sorted out. The hearing is today so let’s see what happens with this. But this is a stock that once this issue gets cleared, I would buy with a slightly longer term target of Rs 200. Buy Zee Entertainment with target of Rs 127 and keep a stoploss at Rs 122. We have had results from the company post market closing yesterday and a fairly decent set of numbers from Zee Entertainment given that the overall environment was challenging. We have had some amount of good buzz on all the listed media play. I would expect some of that positivity to get rubbed off on Zee Entertainment after the fairly decent show this quarter. Buy Reliance Capital with target of Rs 324 and keep a stoploss at Rs 311. We have seen a very good set of numbers from Reliance Capital. I would expect this stock to recover by about 10-15% from here. So I think the longer term targets would be about Rs 350-360. But I think that the good work, the recovery that has started from the time of the numbers as we have seen in the case of State Bank, we are seeing in the case of Reliance Capital as well is likely to continue. So I see this stock moving slowly towards that Rs 350-360 kind of level. Disclaimer: He holds ABB. Stocks discussed may have been recommended to clients. _PAGEBREAK_ Lancelot D Cunha, Sharyans Wealth Management Buy Lovable Lingerie with target price of Rs 334 and keep a stoploss at Rs 311. The stock has corrected significantly post its results. The results were very weak. We saw a drop in the sales revenue for the quarter. Almost 43% quarter on quarter and there was also a drop in margins approximately 6-7% drop in margins which has actually been factored into the price since the stock has corrected significantly. The past few days we have been seeing the stock move up on good volumes and I expect that given the bounce back and the technical conditions the price should move back to its target price of Rs 334. Buy Future Capital Holdings with target price of Rs 145.90 and keep a stoploss at Rs 135. The stock has been actually moving up on the back of news that the promoters of Future Capital are looking to divest their non-core businesses and this could be one of the companies that will be sold off. We saw a few large block deals in the last few days and I believe there will be some announcements that may happen in this stock given that positive developments are likely you could see the stock moving up to its target price of Rs 145.90. Buy TV Today with target price of Rs 69.90 and keep a stoploss at Rs 61. The news is announced that Aditya Birla Nuvo has acquired Living Media which owns 57% of TV today. TV today has a market cap of Rs 400 crore and I believe this deal could be at a much higher market cap and hence I believe that we should see the stock moving up as more details are available and could hit its target price of Rs 69.90. Sell Educomp Solutions with target price of Rs 149 and keep a stoploss at Rs 162. Educomp has been moving lower over the past few days on the back of poor results as well as there is a problem on their working capital cycle. So this negative sentiment will continue to drive the stock downwards and I see it making further new lows and hitting its target price of Rs 149. Disclaimer: He doesn't hold stocks discussed but his clients may hold Future Capital.
first published: May 22, 2012 08:53 am

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