Buy Ambuja Cement, HPCL, Prism Cement: SP Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.

Buy Ambuja Cements for a target of Rs 196 and stop loss of Rs 187. Buy HPCL (Hindustan Petroleum) with a target of Rs 321 and stop loss of Rs 306. It is expected that petrol prices are likely to be hiked in next 24 hours and thereafter the hike in diesel and LPG cylinder prices are likely to happen in next 4-7 days and this is always giving a technical positive for all oil marketing companies and hence a buy call. Buy Prism Cement with a target of Rs 56 and stop loss of Rs 52. All the cement stocks are seen to be back in focus and has been witnessing value buying. This stock has been seeing the value buying for last couple of days, which is likely to continue for some more time as this seems to be a reasonably valued stock in the midsize capacity space and hence a buy call. Buy Mercator with a target of Rs 22 and stop loss of Rs 19.80. The company has reported of having stabilized with the commercial production at its coal mine at Indonesia and the dispatches from there is likely to start soon which will improve its consolidated results in the time to come and insiders are expecting an EPS of close to about Rs 5 from the company for FY13 and hence a buy call. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.