Buy Century Textiles, HDFC, LIC Housing Fin: D Cunha

In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha of Sharyans Wealth Management shares his trading strategies for the day.

One may buy Century Textiles and Industries. It has been a beneficiary of increasing textile export and expected to show good numbers. We have seen the stock pickup on volumes and there has been some accumulation in the stock over the past fee days. I expect buying to continue and we could see the stock moving upwards to hit its target price of Rs 318.

One may buy Housing Development Finance Corporation (HDFC). In the past few days it has seen significant buying and the stock has broken out and is now into a new upward momentum. I see that the stock is also fairly valued and from longer term perspective looks attractive to buy at this point of time. So, as and when economic recovery picks in the stock will move further.

One may buy LIC Housing Finance. The stock has seen significant fall in its price on the expectations that the net interest margins may not be as attractive. How the company has focused on reducing its buying, it’s mixed for lending and that will result in better net interest margins going forward.