On CNBC-TV18's show Super Six, market gurus Sudarshan Sukhani, s2analytics.com, Siddharth Bhamre of Angel Broking and Anil Manghnani, Modern Shares & Brokers place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.
Sudarshan Sukhani, s2analytics.com
I think Sun Pharma is a stock that is likely to continue moving up irrespective of what happens in the budget. So here is a share which is a buy on dips opportunity. Every time this stock falls, even if it falls during budget day, for short term traders it becomes a buy and for investors it is a buying opportunity whenever the stock is in a consolidation.
It now appears that Voltas has probably completed its bear market and is now ready to move again. It is quite possible that slowly and steadily Voltas will go and touch its earlier highs of Rs 260, so that is the possible target for the current upmove. At Rs 115-120, Voltas is a buying opportunity for short term traders, who should buy it on sharp sudden dips and for investors who can acquire it and wait patiently for the uptrend to continue.
Siddharth Bhamre of Angel Broking
As government finds means and ways to deal with the fiscal deficit there is a bright probability that the excise duty on large cars and utility vehicles may go up. By 2% is our expectation. At the same time, there would be an additional excise duty imposed on diesel vehicles. This all will not augur well for automobile stocks and especially for Tata Motors. So short in a range of Rs 290 to Rs 295 with a stop loss of Rs 306 and we are expecting a downside to Rs 263 in Tata Motors.
Power shortages and coal linkages is a major problem in our country and private players like Adani Power import maximum of their coal. What we anticipate is that government may deal this problem by abolishing import duty on imported coal, which is currently at 5%. Government may abolish that and this would augur positive for private players like Adani Power. We have recommended to buy this counter with a target price of Rs 91, it has a good support of around Rs 72 but we recommend to fix a stop loss somewhere around Rs 68.
Anil Manghnani, Modern Shares & Brokers
Banks might see a correction, already you have seen no repo rate cut yesterday so if that happens and you get a budget where again subsidies are increased or some sort of loans are waived off, you think some pressure would come on the PSU Banks. So you could go and sell an SBI and expect it to come back to about first Rs 2,130 and then about Rs 2,030.
There might be expectations of reforms especially spending in infrastructure and stuff like that, so maybe if the market fell initially and many of these stocks corrected, it would be an opportunity to buy some of these infrastructure stocks they have run up significantly and now would be correcting so may be look at a Lanco Infratech, not at the current price but if it came to the range of Rs 17 and below, anywhere between Rs 17 and Rs 15, that would be a good buying candidate.
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