Buy VIP Ind, CESC, Reliance Media: Ashish Kapur

In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.

Long on VIP Industries with a target of Rs 96 and a stop loss at Rs 86.50. The company dominates Rs 5,000 crore luggage market in India and has come out of a rough patch and set to do very well going forward. It dominates by having an 80% market share in the luggage segment. Also the company has diversified into new offerings like the skybag and ladies handbag segment. Long on CESC with the target of Rs 355 and a stop loss at Rs 325. Now unlike other power players, this company stands out because it has not affected by erratic power purchase agreements, fuel supply issues as well as the late payments from SEBs. Long on Reliance MediaWorks with a target of Rs 86 and a stop loss at Rs 77. Reliance Media Works is the largest player in the exhibition business by going by the screen count and their brand Big Cinema has got very well established, the company is restructuring its business and is mainly getting out of all the national exhibition businesses to focus on the high growth potential in the Indian market. Long on Finolex Industries with a target of Rs 66 and a stop loss of Rs 60. This company is the largest PVC manufacturer in India and is available at a very cheap valuation, has a good dividend track record and also given the kind of expansion which the company is doing, we feel that the downside is fairly limited. Moreover, with the increase in agricultural credit this company stands to benefit. It is also about to commission a captive power plant which will help save its margins.