Buy Anant Raj Industries, Larsen and Toubro: Saurabh Mittal

In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal, Swadeshi Credits shares trading strategy of the day.

My first call is a buy on Anant Raj Industries with a target of Rs 85 and a stop loss of Rs 77. It has seen a very decent move up from almost double in the last few months and the stock continues to be strong. We hear it is trying to be a debt free company within the next six months. It was up yesterday also in a down markets, so I would be a buyer for the short term and it looks good to go up to about the Rs 85-90 levels pretty soon. Dabur India has shown very good movement. It has been the forefront of the FMCG sector and the stock looks good even on a down market and this target should be achieved very shortly. Godrej Industries will declare its results by November 8 and they should be pretty good. The stock has had a decent move and it continues to be strong and the target of Rs 317 should not be a problem to be achieved.
Buy Larsen and Toubro (L&T) with a target of Rs 1,730. The results came out couple of days back and they were pretty good and good guidance also. The margins have improved and the stock showed some strength even in a down market. I think it should continue to do well over the next few trading sessions.