Buy Jain Irrigation, Jyothy Labs, Peninsula Land: D Cunha

In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha of ITI Wealth shares his trading strategies for the day.

One may buy Sintex Industries with a target price of Rs 38.85. It recently came out with very good quarterly numbers. This has resulted in rerating in the performance of the stock and with commodity prices and the exchange rate remaining fairly stable the company should perform well going forward in the near future. We have seen some investment buying continue and based on this investment buying we expect that this stock could move up further to hit its target price of Rs 38.85. One may buy Jain Irrigation Systems with a target price of Rs 65. The good monsoons that we have seen coupled with greater area under irrigation should do better for Jain Irrigation which is expected to come out with better numbers and going forward we have seen some investment buying in the stock. The stock has also been consolidating after its correction. From a valuation perspective it looks reasonable, attractive and given the momentum in buying in the stock we expect it to move up further to hit its target price of Rs 65. One may buy Jyothy Laboratories with a target price of Rs 197.50. This stock has seen very large volume in terms of buying back, on the back of its restructuring of its business though I expect that the restructuring would take a while to play out in the financial performance since there is accumulation happening in the stock and we have seen some informed buying momentum to continue and could probably move up further to hits its target price of Rs 197.50. One may buy Peninsula Land with target price of Rs 32.80. This stock has seen recently very large volumes in the stock and has been moving up consistently from its lows of Rs 26. I expect the buying to continue and we could see the stock move up further to hit its target price of Rs 32.80.