Buy Tata Global, Sonata Software, DEN Networks: SP Tulsian

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

Buy Tata Global with a day target of Rs 150 and stop loss of Rs 141. Company’s joint venture that is Tata Starbucks is likely to open its first outlet in the South Mumbai in next 15-20 days with target of about 50 stores to get opened in next 10-12 months and on hopes of that the informed buying has been seen in the stock and this value buying is likely to continue for the day as well and hence a buy call. Buy Sonata Software with a day target of Rs 21.45 and stop loss of Rs 20. Company has sold its European subsidiary, its 50.1 percent stake to the JV partner for about Rs 80 crore, apart from that it will be getting absolved from the liability of about Rs 24 crore on completion of this transaction and this midcap IT company having annual turnover of close to about Rs 1,500 crore and debt-free status with a market cap of just Rs 215 crore looks to be a good short-term buy because of this subsidiary stake sell has happened and hence a buy call. Buy DEN Networks with a day target of Rs 182 and stop loss of Rs 171. Because of the digitization process likely to get completed by October end in four metros which is mandatory this company into cable network is likely to seen a good beneficiary. Apart from that the stock has been witnessing value buying for last over one month and has shown a considerable appreciation in the share price on expectations of some corporate events likely to happen and this buying momentum is likely to continue as well and hence a buy call. Buy ARSS Infra with a day target of Rs 66 and stop loss of Rs 59. The share is witnessing informed buying for last couple of days on the reports that company seems to have received the approval of CDR cell for its debt restructuring and the new order and the current working is likely to see improvement in the working of the company with company likely to prune its losses and stock looks a good buy at the current valuations for short-term and hence a buy call.