Bull's Eye: Experts give trading strategy for 12 stocks
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.
June 30, 2011 / 13:55 IST
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, Rajesh Agarwal of Eastern Financiers, Ashish Tatter from Fort Share Broking and VVLN Sastry of Firstcall India equity battle it out for top honours. Below are their top stock picks for the day:Rajesh Agarwal of Eastern FinanciersWe recommed buying Hanung Toys. One can buy this stock at a stoploss of Rs 132 and target of Rs 162. The reason why we like this stock is the extremely cheap valuation. The stock has seen real battering in the last few trading sessions and has gone down to quite a reasonable valuation. Trading at the price to book value of 0.6 and and PE of 3.5, we expect the company to report the EPS of around Rs 40 for the coming year.I like Bata India. One can buy this stock with a stoploss of Rs 535 and target of Rs 630. Bata is a player in footwear industry. The full year results ended December 2010 were pretty good. The company has a large number of stores - around 1200 stores and it deals with around 30,000 dealers. The products are sold through 30,000 dealers. Bata has a strong brand positioning and they are trying to convert themselves from a brand of low value to higher value products.Third stock which we like is Talwalkars. This company is into fitness business, having around 100 healthclubs in 30 towns. The company has recently taken a strategy of eying Tier 3 & Tier 4 cities where population is around 5 lakh and this strategy is going to do well considering the fact that the disposable income in the hands of our Indians have gone up considerably. So I think this can be a good buy even for a long term but for intraday one can buy the stock with a stoploss of Rs 240 and a target of Rs 260.We have a sell call on BPCL. This can be sold with a stoploss of Rs 655 and a target of Rs 626. The kind of run up which we have seen in the last few days due to the announcement of price hikes and all, although we are very bullish on oil marketing companies and recommend buying for a longer term but considering the fact that it has run up quite a lot we feel that some amount of correction is due. We think this will correct in the very short term.Aashish Tater, Fort Share BrokingThe first stock for the day is Liberty Shoes. We feel this stock has been ignored by the markets - the way Bata has been rallying I think Liberty has got quite ample scope to catch up from current levels. I have an intraday target of Rs 109 on to the stock and we have a medium term target of close to Rs 122 on the stock.The second stock for the day is Premier. I had been bullish for quite some time with a medium term target of Rs 180. I am plyaing with this stock with an intraday target of Rs 97. I feel this stock has tremendous potential and we feel the market cap and enterprise value at around Rs 440 odd mark with potential of recovering almost Rs 600 crore from its additional landbank in the Dombivali area. We feel this is a potential candidate for a long term bet and we feel that this stock can easily achieve Rs 150-160 in days to come with the announcement and the deal going through.The third stock for the day is technical call. We would like to buy Hanung Toys for an intraday target of Rs 149.50. The stock has shown good bounce back from it's lower levels. We feel that the steam can continue till Rs 162 odd mark. One should be long on to the stock with a stoploss of Rs 135 on a closing basis.The fourth stock of the day is Amar Remedies. FMCG has outperformed in yesterday
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