Buy Fame India, Orchid Chemical: SP Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.

Buy Fame India with a day target of Rs 58 and stoploss of Rs 52.50. This call I am continuing which I gave yesterday also on the news that 71% promoter stake is held by Inox Leisure and about 3% by Gujarat Fluorochemicals being the promoter and 22% stake is held by Reliance Capital and it is learnt that some corporate actions are likely to be initiated by the company including merger with Inox Leisure which is likely to be beneficial for the shareholders of this company. Buy Orchid Chemical with a day target of Rs 121 and stop loss of Rs 116. The stock has been witnessing value buying coupled with short covering for last two three days and even on a fundamental basis since the company being the seventh largest amongst the pharma company and the flavour for pharma stocks seen in the market the stock looks under valued purely on fundamentals and hence a buy call. Buy Mayur Uniquoters with a day target of Rs 425 and stop loss of Rs 396. The company is a leading maker of synthetic rubbers and FY13 EPS of the company is estimated to be close to Rs 40 on the enlarged equity which has happened after one to one bonus issue made by the company last week and we have being seeing the informed buying in the stock for last couple days indicating positive view on the stock ahead and hence a buy call. Sell Pantaloon Retail with a day target of Rs 154 and stop loss of Rs 161. The kind of noises being made by the BJP and the other UPA allies for opposition of FDI in multi-brand retail that looks to be a distinct possibility in the near term and the stock is likely to see the technical weakness because of the fresh shorts likely to get created as well as liquidation of long positions standing in the stock for last 15 days or so on the hopes of FDI and hence makes it a technically weak stock.