Bull's Eye: Buy Mahidra Satyam, Ceat, Dena Bank, GSPL

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

February 14, 2012 / 12:18 IST
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Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.


Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.
This week, Aashish Tater of Fort Share Broking, Keval Bhanushali of Keynote Capital and Saurabh Mittal of Swadeshi Credits battle it out for top honours.
Below their top stock picks and analysis: Aashish Tater of Fort Share Broking
I am going long on Anant Raj Industries for an intraday target of close to Rs 73 with a stoploss of around Rs 68 on closing basis. The stock has made beautiful chart patterns. Last time we recommended this stock with a target of close to Rs 72. Now we have extended our target close to Rs 81. Fundamentally, the stock is trading almost 40% discount to its net asset value. Thus a safe bet for another 30% returns from a years perspective. A safe bet in the real estate space can be bought from a long term perspective.
I am going long on Ceat for an intraday target of close to Rs 98.50 with a closing stop of around Rs 92. As far as this closure goes the promoters have been buying this particular company on every dip. So we can even initiate a buy on dips for this particular stock from a medium term perspective. If we take a real estate value of the company plus the fundamental value, the stock should go and test close to Rs 130-150 from next 12-15 months perspective.
I am going to short Shree Renuka Sugar for an intraday target of close to Rs 36 with a stoploss of around Rs 37.50.
I am going to buy S Kumars for an intraday target of close to Rs 40 with a stop loss of around Rs 37.50. The stock seems to be a safe bet and has taken a U-shaped pattern in form of recovery. We have a fundamental target of close to Rs 62 on the stock. One who is looking to buy this stock should buy a small quantity and average at around that Rs 35-37 levels from a portfolio perspective for a target of close to Rs 62.
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  Keval Bhanushali of Keynote Capitals
Buy Escorts. It's trading at Rs 85.50 currently. I have an intraday target of Rs 90 for the stock and a stop loss below Rs 83. The stock has been in quite a good momentum in past few trading sessions. So I think there is quite a bit upside left in the stock even from a long term perspective but for the day one can trade with a stoploss of Rs 83 and a target of Rs 90.
Buy GSPL. It's trading at Rs 84.50 currently. I maintain an intraday target of Rs 90 and a stop loss below Rs 82. This is a very good stock from a long term perspective and the stock has been in quite a good momentum and also if you consider the business model this is one of the very good long term players in the market considering the fact that there has been 2200 KM of the gas pipeline that is already there and they are planning to escalate it to at least 4000 KM. So this is a very good company to stay invested upon.
Buy Jubilant Foodworks. The stock has touched a level of Rs 1000 recently. I have an upside target of Rs 1100 for the stock and a stoploss below Rs 970. This is a very volatile stock and the India consumption story still continues to remain positive with the past Q3 numbers that the company had posted. They were very good and I think even the coming quarters would be very fantastic for the company.
Buy Mahindra Satyam. It's trading at Rs 73. I have an intraday target of Rs 80 and a stop loss below Rs 70. This stock has been in the same range of Rs 70-80 in last few trading sessions, so I think this will continue to have an upside of another Rs 4-5 from here.
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  Saurabh Mittal of Swadeshi Credits Dena Bank moved up slightly and it's in the green but I will keep a target of Rs 95 and a stoploss of Rs 82. HMT moved up about a couple of percentage points. The target is of Rs 58 and stoploss of Rs 44.
Buy Britannia at the current market price of Rs 518 with a target of Rs 524 and a stop loss of Rs 512. The results were very good, so it should do well for the next couple of days. BOC India did very well yesterday. I would buy it at the current price of Rs 376.70 with a target of Rs 385 and a stop loss of Rs 370.
first published: Feb 14, 2012 11:04 am

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