Buy Alembic, Polaris, Escorts: Sharmila Joshi

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

Buy Alembic with a target of Rs 75.50 and a stop loss at Rs 72.50. This is a good midcap company and I think that going ahead we are going to see a better set of numbers from Alembic given the fact that the kind of pipelines that they have for ANDAs etc. So seeing the strong pipeline of about 45 plus products and the expectation of improved numbers from FY13 and FY14, this is a good pharma stock to enter at this price. Buy Polaris with a target of Rs 129 and stop loss at Rs 123.50. Once again we have seen that midcap IT have been in favor and here we have a company where the numbers have been very good and if you look at the kind of numbers that they are going to end the year with then it is enough to warrant a good value buy kind of recommendation on Polaris. Buy Escorts with a target of Rs 65 and stop loss at Rs 62.30. We did see the stock correct largely because it was on the list of stocks that went out of the F&O list. But a very good set of numbers from Escorts should see the recovery set in and we should see it going back to levels of about Rs 85. Buy NMDC with a target of Rs 190 and stop loss at Rs 183.50. We have seen the company hike iron ore prices in the last week. And while globally we have a situation where iron ore prices have corrected, NMDC is in fact now going to get better pricing on its product and while the global iron ore price reduction doesn’t really make too much of a difference to NMDC because it is really difficult for most companies to export iron ore given the other costs involved whether it is shipping, transportation etc. So NMDC should continue to benefit from the price hike that they have taken. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.