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, SP Tulsian of sptulsian.com, Jagannadham Thununguntla of SMC Global and Rajesh Jain, Market Strategist battle it out for top honours. Below are their top stock picks for the day: SP Tulsian of sptulsian.com
My first stock for the day is Patni Computer. This is an excellent IT company with topline of close to about one billion dollar and going by the first quarter performance of quarter ended March, the company has an EPS of about Rs 50 on an annulised basis, so that translates into a PE multiple of about 7 purely on fundamental and on the hopes of future corporate developments share can move to about Rs 450 in one year's time but the day target for the stock has been given at Rs 346.
My second stock for the day is S Kumars Nationwide. This company is having very strong bouquet of brands with about 45-48 brands plus having the manufacturing base in about 8 countries across the globe. If we see their financial performance for FY11 they had a topline of more than one billion dollar close to about 5200 crore. If somebody can keep a view of about one year, share should be able to move about Rs 85-90 but the day target has been given at Rs 58.50.
My third stock for the day is Anant Raj Ind, a real estate player having very strong presence in NCR region with practically in all verticals. They are generating or earning an income of about Rs 8200 crore as a rental income on an annulised basis. If we go by the recent interest having seen in the reality stocks and particularly in this counter with the informed buying seen in the stock I am quite positive on the stock and expecting share to move about Rs 85 in next one month but the day target has been given at Rs 75. Ajmera Realty is a pure debt free company with promoter
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