Buy Castrol, UCAL Fuel, Pidilite, Jindal Poly: Paras Bothra

In CNBC-TV18's popular show Bull's Eye, Paras Bothra of Ashika Stock Broking shares his trading strategies for the day.

One can buy Castrol. With base oil prices coming down, this is going to be incrementally positive for Castrol in coming quarters as well wherein we will see margin expansion in bottomline as well as the EBTIDA level, so this is going to rerate the stock further. So it looks to be a decent buy at current price wherein the stock has good pricing power for its products. It is a buy with a stoploss placed at Rs 430 and a target of Rs 500.

One can buy UCAL Fuel. The company manufactures corborators, multipoint fuel injections and mechanical fuel pumps and has come up with very strong set of numbers for this quarter. We feel that the stock is going to get rerated, so buy with a target of Rs 150 with a stoploss placed at Rs 121.

One can buy Pidilite Industries. Fundamentally it is a great stock and at the same time with the industrial activity picking up, it is going to have a positive impact as far as earnings for this company is concerned and this stock will get rerated. So it is a buy with a stoploss of Rs 405 and a target of Rs 460.