In CNBC-TV18's popular show Bull's Eye, Shahina Mukadam of Varun Capital shares her trading strategies for the day.
One may buy Cox & Kings with a day target of Rs 148. We saw good buying coming in yesterday. I believe the momentum should continue with the global economy picking up. It is positive for Cox & Kings. Moreover, I believe the high debt being a problem, with the listing of the UK subsidiary; it should east the cash flow problems.
Dabur India saw well up move yesterday on the back of good volumes. I believe the momentum should remains strong, double digit growth and in terms of valuations at 25 times FY15 earnings per share (EPS), there still seem some upside left. I will buy it with a day target of Rs 175.50.
DLF is a sell with a day target of Rs 154. Rate sensitive and real estate sector seem to be out of favour as of now. We have seen some correction that has started to come in DLF. I believe the downward momentum is likely to continue. This downward momentum could take it down to about Rs 150 odd levels.
One may sell Indian Oil Corporation (IOC) with a day target of Rs 195. I believe the losses that IOC is likely to suffer, is going to continue also in terms of the rupee depreciation, it is going to be a continuing negative for the company. If the market remains weak, I believe IOC is likely to continue to weaken further.
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