Buy TCS, Petronet LNG, Godrej Ind: Joshi

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

Buy TCS with a target of Rs 1,320 and a stop loss at Rs 1,275. We have seen a stellar set of numbers from TCS and once again we have seen growth across all its verticals as well as geographies. Once again we have seen that numbers have been ahead of street estimates and they have increased, they have shown great confidence in their business going ahead. So looking at all things an EPS upgrade is most likely across broking houses. So this is a stock that market will continue to like and I buy this with a target of Rs 1,320 and a stop loss at Rs 1,275. Buy Petronet LNG with a target of Rs 175 and a stop loss at Rs 168. Once again from Petronet we have seen as in case of TCS, a good set of numbers from Petronet. We have seen margins also expand and we have seen some of their facilities also produce more gas because of the restarting of the fertilizer units within that space. So going ahead once again very strong outlook emerges for Petronet LNG. Buy Godrej Industries with a target of Rs 316 and a stop loss at Rs 303. We have seen Godrej Industries emerges as a strong play within consumer space and this would be a stock that I would continue to like. Short IDBI Bank with a target of Rs 98 and a stop loss at Rs 100.50.