In CNBC-TV18's popular show Bull's Eye, Krish Subramanyam of Altamount Capital shares trading strategy of the day.
One can buy HBL Power Systems for a target price of Rs 55 and a stop loss of Rs 48. This has been one of the value picks which has seen some very good buying at lower levels. We feel that we should see some very good uptrend in the short to medium-term.
One can buy Kesoram Industries for a target price of Rs 87 and stop loss of Rs 82.50. The company has been showing some sense of turnaround and also some restructuring seems to be around the corner. We should see some uptrend coming about in the short to medium-term.
One can also buy Orchid Chemicals for a target price of Rs 65 and a stop loss of Rs 60. We had some very positive newsflow in the company couple of weeks back and after some correction, the script has consolidated around the levels of Rs 60. We see some reasonably good uptrend in coming days.
One may buy Aarti Industries for a stop loss of Rs 358. This is one of the specialty chemical company which has seen some terrific value picking at lower levels and portfolio bet for long-term investors. Going by yesterday’s price action, we feel that we should see some decent upward in the coming days.
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