Bull's Eye: Buy IGL, IFCI, Godrej Cons, short Jet Airways

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 Tater of Fort Share Broking and Rakesh Gandhi of LKP battle it out for top honours.
Below their top stock picks and analysis: SP Tulsian of sptulsian.com
Buy Saint-Gobain with a day target of Rs 61.40 and stop loss of Rs 57.30. The promoters have learnt to apply to the Bombay Stock Exchange for seeking the delisting approval and they are holding 86% stake in the company and this disinvestment or the delisting process is likely to be very aggressive because promoters will be requiring less than Rs 100 crore to do that and hence a buy call.
Buy Advanta India with a day target of Rs 498 and stop loss of Rs 473. This multinational seed company having very strong presence and United Phosphorus which is holding close to 50% stake in the company is seen under accumulation by the informed circle and hence a buy call.
Buy Indraprastha Gas with a day target of Rs 254 and stop loss of Rs 235. The matter filed by the company against PNGRB (the Petroleum and Natural Gas Regulatory Board) is to be heard today in the Delhi High court and it is likely that the company is going to get some relief which will be seen positive by the market and share can give an upward move.
Buy Bhushan Steel with target of Rs 442 and a stop loss of Rs 420. The stock is witnessing informed buying on the hopes that some corporate announcements are likely to get made by the company along with either the Uttam Galva or with the Arcelor Mittal which will vastly re-rate the stock and hence a buy call. Disclosure: I have a holding interest in Saint Gobain. Other stocks may have been recommended to clients.
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  Ashish Tater of Fort Share Broking
Go long on Prime Focus for a target of Rs 60. We still feel if Rs 48.10 is not breached on closing basis there is a likely possibility of the target getting achieved in next few days. On risk reward basis this is one stock which can be looked on however one should keep a stop loss of Rs 50 for the stock.
Go long on IFCI for a target of Rs 46 and a stop loss of Rs 41. We have a target of close to Rs 49-50 on the stock with the same stop loss. Thus on risk reward basis if Rs 41 is not breached there is a likely possibility that the stock could give you almost 8 times your risk in terms of returns from next few days perspective.
Go short on Jet Airways for a target of Rs 330. The basic idea over here is that the way the charts actually shaped out in last half an hour, we feel there could be foreseen pressure on the stock even in today’s trade.
Go long on Indraprastha Gas. On risk reward basis we suggested our clients that if they put a stop loss on closing basis of close to Rs 230 there could be a likely reward of almost Rs 40-50 on the stock. So I am long on IGL for a target of Rs 275 from today’s perspective. Disclosure: I don't have a holding in any stocks discussed but may have recommended them to clients.
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  Rakesh Gandhi of LKP Sun Pharma has fallen from the level of Rs 590, that was a very sharp fall and has once again regained the upward trend and has closed at an all time high. Based on charts perspective, I believe that there could be a fresh wave of buying and the stock could see higher levels. For today intraday the stock can be bought for a target of Rs 625 with a stop loss of Rs 588.
Buy Godrej Consumers. The stock has been in a sideways trend since last 1 month and has once again regained an uptrend and closed at an all time high. The stock can be bought for a target of Rs 540 with a stop loss of Rs 505.
Buy Gammon India. On chart there is a moving average crossover happened and short term moving average has crossed a long term moving average indicating the kind of strength that has been seen on the charts and momentum could increase from the current levels. The stock has also closed above its nearest previous high and would see further momentum increasing in coming days. I believe the stock can be bought for a target of Rs 55.75 with a stop loss of Rs 51.60 on intraday basis.
Buy Wheels India. The stock has been maintaining its upward trajectory continuously since last many weeks. Once again the stock has managed to close at its all time high and I believe it could increase the momentum and hence can be bought for a target of Rs 725 with a stop loss of Rs 660. Disclosure: I don't have a holding in any stocks discussed but may have recommended them to clients.