Buy Everonn, Fame India, SKS Micro: SP Tulsian

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

Buy Everonn Education with a day target of Rs 183 and stoploss of Rs 167. The buy call on the stock has been given because the company has acquired 170 centers of Centrum Learning and that will take the company to the new league and even on a fundamental basis the stock looks undervalued after having seen a recent correction in the last 15 days or so.

Buy Dalmia Bharat Sugar with a day target of Rs 23 and stoploss of Rs 21. This company is carrying an inventory of about Rs 450 crore of sugar as on 30th June, 2012 and this inventory has an unrealized gain of over Rs 50 crore which is likely to get booked by the company in the next two quarters. Apart from that we have been seeing the increase in the promoter stake in the company from 60% to about 65% and company also has agreed to acquire a sugar mill of 2,500 tcd near Kolhapur.

Buy Fame India with a day target of Rs 53 and stoploss of Rs 48. This is a 71% subsidiary of Inox Leisure with remaining 3% held as promoter stake by Gujarat Fluoro and 22% stake is held by Reliance Capital. So 96% of the company’s stake is held by promoter and Reliance Capital and the stock is likely to witness some corporate actions maybe like merger with Inox Leisure which is seen quite positive by the market.

Buy SKS Micro with a day target of Rs 130 and stop loss of Rs 124. This stock has been witnessing continuous buying for last one week and seen in accumulation zone largely on the hopes that company will turn around its operations from third quarter by posting bottom-line in black and the working of the company is gradually improving which has also been seen reflected from Q1 numbers having posted by the company.