Buy Plethico Pharma, Shasun Pharma: Tulsian
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
September 06, 2012 / 11:33 IST
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
Buy Plethico Pharma with a day target of Rs 305 and stop loss of Rs 288. I am continuing this stock which I have been giving a buy call for last two days largely because of the informed buying seen in the stock after margin calls have eased on the stock and the focus of the market on the midcap pharma stocks are seeing informed buying continuing in the stock.Buy West Coast Paper with a day target of Rs 76 and stop loss of 69.80. This buy call also I am continuing which I gave yesterday largely on the hopes that the promoters are either looking to sell their stake in the company or company which is holding about 37% stake in Rama Newsprint is likely to sell their stake. This is likely to be happening in the near term on which the stock is witnessing huge informed buying.Buy Shasun Pharma with a day target of Rs 177 and stop loss of Rs 168. This stock has been witnessing value buying for last couple of months since the company has been posting robust quarterly numbers for the last three quarters and midcap pharma stocks are also in focus.Buy Hathway Cable with a day target of Rs 207 and stop loss of Rs 197. This company which is a leading player in the cable industry is likely to be seen as a huge beneficiary because of the digitisation move which is getting implemented in four metros and with a time limit of October 2012. Ahead of that the value buying is seen in the stock which is likely to continue for next 10-15 days. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
