Buy Shree Renuka, Plethico Pharma, Ind-Swift Labs: Tulsian

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

Buy Shree Renuka Sugars with a target of Rs 34 and stop loss of Rs 31. It is learnt that the Rangarajan committee has recommended scraping of 10% levy sugar which is going to be beneficial for all the sugar companies which are operating in India. But this company being the three top sugar producers in the country, are likely to gain more because of the scraping of levy quota which is expecting as it will give extra realization of Rs 15 per KG between the levy and the free sale price Buy Plethico Pharma with a target of Rs 278 and stop loss of Rs 262. The stock has been witnessing informed and value buying at the lower level for last one week after the pledged concerns on the promoter stake of 87% seems to have eased off and this buying is likely to continue in the near future as well and hence a buy call. Buy Ind-Swift Labs with a target of Rs 55 and stop loss of Rs 50.50. The stock has witnessed informed buying on the hopes of some corporate moves by the company and for the last one week or so the midcap pharma stocks have become flavor of the market and have come in the focus and hence a buy call. Buy NFL (National Fertilizer) with a target of Rs 77 and stop loss of Rs 70.50. It is expected that the government is likely to hike urea price by 10% and this move is likely to get initiated soon and because of this we have seen yesterday buying in all the urea stock makers and this stock having very low public float of about 2.4% with government stake of 97.6% also makes it a technical buy and hence a buy call.