Buy GMR Infra, SAIL, Ashok Leyland: Sharmila Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, Market Expert shares her trading strategies for the day.

One can buy GMR Infrastructure with a target of Rs 23.40. In a market where we are seeing activity return to high beta names, within the infra space this is a stock that can be bought with a longer term target of Rs 29. Overall, things could look better for GMR Infra as we see interest rates, etc come down in the coming year.

One can buy Steel Authority of India (SAIL) with a target of Rs 89. We are seeing buying return to the metal space and within that basket SAIL is a good name. I would have a longer term target of Rs 95 on the stock.

One can buy Ashok Leyland with a target of Rs 48.50. We saw a fairly decent set of numbers from Ashok Leyland for the past month and this is especially important because the kind of the market that Ashok Leyland is in because we haven’t seen that much of a positive numbers from the auto play. My longer term target would be closer to Rs 57.