Buy Birla Corp, Kesoram Ind, Noida Toll: Jain

In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.

Long on Birla Corporation. This stock has been doing exceedingly well for last 3-4 days and the kind of volume breakout we saw in this stock on Friday I think the positive momentum would continue. Basically Q1 results were pretty good and volumes were up 7-8 percent and realizations were up from 15-17 percent. Company has appealed Supreme Court regarding lifting of ban of mining in Rajasthan and any positive outcome of that could be a very positive catalyst for the stock. Buy Kesoram Industries. This is a BK Birla Group company into manufacturing of tyres and cement. They have got five plants manufacturing tyres and five cement plants. What we have seen in last two quarters, the results have improved and basically the easing of rubber prices is helping most of these tyre industries. Long on Noida Toll. With the kind of volume breakout we saw in this stock, the volumes were almost 9-10 times the regular volumes. We have seen that this stock was taking support at relevant short-term moving average and from there it has taken off. It is a decent dividend play. A dividend yield of closer to 4-4.5 percent and what we have seen that with opening of this Noida-Agra Expressway the traffic volume is increasing and should continue to increase. Long on Karnataka Bank. Again in this stock the volumes were very heavy, almost 9-10 times the regular volumes. In spite of that in last couple of days the volumes have been heavy, in spite of that the regulars were very heavy on Friday’s trading session. The fundamentals of the banks have been improving. Q1 results were pretty good and the net interest margin has been increasing and we expect that net interest margin could increase up to 3 percent in next 3-4 quarters.