In CNBC-TV18's popular show Bull's Eye, Dharmesh Kant of India Nivesh Securities shares his trading strategies for the day.
One can buy DCB Bank for a price target of Rs 99 with a stoploss of Rs 90. DCB came out with stellar set of Q2 FY15 numbers where advances grew by around 32 percent, deposits grew by over 24 percent and net interest income (NII) registered a growth of around 22 percent. Net interest margins (NIMs) were healthy at 3.72 percent and it has been posting stellar set of numbers for the last several quarters.
One can buy Lupin for a price target of Rs 1,450 keeping a stoploss of Rs 1,360. Lupin is a strong player in pharmaceutical space when it posted Q2 FY15 earnings, it was in line with what we were expecting. Going forward, the upward rate is likely to continue with improvement in EBITDA and profit after tax (PAT) margins.
One can buy LIC Housing Finance for a price target of Rs 390 with a stoploss of Rs 360. LIC Housing Finance posted a decent set of Q2 FY15 numbers and they have been quite stable for last two-three quarters.
One can buy Camson Bio Technologies for a price target of Rs 175 with a stoploss of Rs 145. I think going forward as demand for organic food and awareness of organic food grows, it's products are going to find bigger attraction with the farmers. They have taken necessary capacity expansion in the last two years and going forward operating leverage of those capacity expansions undertaken is likely to kick in.
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