Buy Dabur, Indian Hotels, Motherson Sumi: Subramanium

In CNBC-TV18's popular show Bull's Eye, Krish Subramanium of  Asit C Mehta Invstt Intermediates shares his trading strategies for the day.

One may buy Dabur India for a target price of Rs 173 and a stoploss of Rs 163.90. The stock has seen some short covering emerging in last couple of days and today we saw some mild long unwinding. We feel that it should carry on with some uptrend in the coming days. One may buy Indian Hotels Company for a target price of Rs 58 and a stoploss of Rs 52. Last couple of weeks we have seen some value based buying taking place in some of these hotel counters and Indian Hotels being one of those premium group hotel belonging to the Tata stable has obviously seen the interest rate buying taking place. So we feel that since we have already seen some buying taking place, we should see some more uptrend in the coming days. One may buy United Breweries (UBL) for a target price of Rs 885 and a stoploss of Rs 794. We have seen some interesting development in the counter of Heineken buying a huge stake in the company, which is now more than what Mallyas are holding and we have also seen some good long built up in the derivative segment today and we feel that the uptrend could be on cards in the next coming days. One may buy Motherson Sumi Systems for target price of Rs 297 and a stoploss of Rs 278. The company has again been in the limelight for some excellent working in the last quarter and we probably feel that the momentum, which started in the last few weeks should continue and therefore we feel this stock could be heading towards levels of Rs 297 and probably a stoploss of Rs 278 could be kept.