Buy KEC Intl, Finolex Ind, JBF Ind: Ashish Kapur

In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
 
Long on KEC International with a target of Rs 81 and a stop loss at Rs 74. KEC is an integrated Engineering, Procurement & Construction (EPC) player providing solutions in the field of transmission and distribution, power and telecom. The company has been doing very well despite huge amount of problems in the user industries and we expect this performance to continue.

Long on Finolex Industries with a target of Rs 70 and a stop loss at Rs 64.5. The company is one of the largest manufacturers of PVC pipes in the country. It has been doing very well despite difficult conditions in the market. They have managed to maintain their net profit levels despite growing cost of raw materials and other inputs. Going forward we expect the company to do well as the current capacity expansion gets completed. Long on JBF Industries with a target of Rs 152 and a stop loss at Rs 140. This company has over the years evolved from a polyester texturiser to a fully diversified petrochemical player. It manufactures a very wide range of products which are used by various industries. The company has been doing very well. Its latest performance has been fairly impressive. Long on Madras Cements with a target of Rs 206 and a stop loss at Rs 190. This company is another cement player which has been doing very well and we expect the performance to further improve as the benefits of the recently concluded capacity expansion come into play.