Buy Ipca Labs, KPIT Cummins, Kolte-Patil: Sharmila Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, sharmilajoshi.com shares trading strategy of the day.

Buy Ipca Laboratories with a target of Rs 473 and a stop loss at Rs 458. Results are expected today, I expect good set of numbers and overall you could see some amount of buying coming back into the defensives given that markets are in a slightly downward to volatile kind of a day for markets being last day of expiry, so I would expect some more buying to come into the defensives.
Buy KPIT Cummins with a target of Rs 124 and a stop loss at Rs 119. This is a very good quality midcap IT stock. This year I would have a longer term target of about Rs 165 – for the day I buy it with a target of Rs 124.
Buy United Phosphorous with a target of Rs 122 and a stop loss at Rs 117. We saw quarter numbers from United Phosphorus which were below what market was expecting but were very good numbers all the same. A lot of the negatives were already in the price which is why the stock bounced back post numbers and I think that uptrend will continue.
Buy Kolte-Patil Developers with a target of Rs 71 and a stop loss at Rs 67.80. We had once again very good set of numbers from Kolte Patil and overall we are seeing interest turn into the real estate basket and then the buying should be focused towards stocks like Kolte Patil were the ratios look good, the debt to equity ratio looks very healthy, the kind of projects that they have going on stream. The next year and the year after that also look very promising.