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Bull's Eye: Stocks to buy today

Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio.

May 06, 2011 / 13:24 IST

Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio. In today's game, Ashish Tater, Fort Share Broking, Jagannadham Thununguntla, Head of Research, SMC Global and Rajesh Jain, Independent Market Strategist place their respective bets in four stocks each. Investors can read into the detailed analysis made by these experts before agreeing to any or all the bets. Below are the stocks and their analysis:


Ashish Tater, Fort Share Broking:


Buy Century Ply, with today's target of Rs 71.75.


Buy Indian Overseas Bank with a target of Rs 157 a share. He expects decent returns due to shortcovering.


Buy Ing Vysya Bank with a target of Rs 329. Company showed decent results. It has good returns in terms of PE and price to book.


Sell Reliance Power, with a target of Rs 115 a share.
 
Jagannadham Thununguntla, Head of Research, SMC Global:


Buy Reliance Industries, with a target of Rs 960. It is a stable play.


Buy ONGC with a target of Rs 312, with considering upcoming FPO.


Short Federal Bank with a target of Rs 397


Short ABG Shipyard with a target of Rs 347.


Rajesh Jain, Independent Market Strategist.


ONGC is a beneficiary of any price increases the govt may make in subsidy reduction formula that may come through. He expects ONGC to see sustained institutional buying interest as a safe haven and expects a price of 320.


RIL offers excellent pick, with a target of Rs 980.


Petronet LNG has huge upsides linked to KG-6 disappointment - source CNG and LNG. It is investing in Cochin and Dahej, city distribution systems. Buy with a target of Rs 140/share.

In midcap IT space, buy Hexaware, with a target of Rs 70/share. It has substantial client additions.

first published: May 6, 2011 08:33 am

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