In CNBC-TV18's popular show Bull's Eye, Paras Bothra of Ashika Stock Broking shares his trading strategies for the day.
One may buy Finolex Industries. I want to buy it with a stoploss placed at Rs 181 and a target of Rs 210.
One may buy TVS Motor Company because of the excise duty on automobiles and two wheeler which have been cut yesterday in the interim Budget. So this is going to have a positive impact as far as the demand for these companies are concerned. TVS Motors is one company which we like, so we have a buy on the stock today with a stoploss placed at Rs 81 and a target of Rs 95.
The excise duty cut is going to have a positive impact on the demand for the majority of the automobile and two wheeler companies. So, they may have a positive impact on the auto ancillary business as well and Exide Industries being the leader, we think that going forward if the demand picks up, this company is also going to benefit, so that may have a positive impact on Exide Industries.
One may buy Aurobindo Pharma. This is going to be a bit of a defensive bet. The results were also good and yesterday the stock has shown some kind of positive momentum after a brief correction. So this could be a good buy for today with a stoploss placed at Rs 494 and a target for Rs 540.
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