HomeNewsBusinessStocksBuy Kalpataru Power, Den Networks: Shahina Mukadam

Buy Kalpataru Power, Den Networks: Shahina Mukadam

According to Shahina Mukadam of Varun Capital, one may buy Kalpataru Power Transmission with a day target of Rs 163 and Den Networks with a stoploss of Rs 176.

October 27, 2014 / 12:26 IST
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In CNBC-TV18's popular show Bull's Eye, Shahina Mukadam of Varun Capital shares her trading strategies for the day.

Kalpataru Power Transmission has moved up on good volumes. The transmission and distribution (T&D) business is doing pretty well with good growth and order book as well as profitability. I believe FY15 valuations are quite attractive, price to earnings (PE) would be in single digits. I buy it with a day target of Rs 163 and a stoploss of Rs 148.

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Den Networks is the India’s largest cable network distributors. In terms of business the company is showing pretty good growth. Profits were affected due to some non-recurring items. I believe FY15 would be much better. I buy it with a stoploss of Rs 176.

Godrej Industries, the technical charts are showing very good patterns. It is bouncing up from its double bottom. I believe this bounce could take it up to Rs 300 odd in the short-term. The company gives you an exposure across segments which include chemicals, agri-feeds also in properties through Godrej properties. I buy it with a stoploss of Rs 289.

first published: Oct 27, 2014 12:24 pm

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