Buy M&M Financial, Pidilite, Aban Offshore: Subramanium

In CNBC-TV18's popular show Bull's Eye, Krish Subramanium of Asit C Mehta Invstt Intermediates shares his trading strategies for the day.

One may buy Mahindra & Mahindra Financial Services for a target price of Rs 328. The stock has been showing consistent growth in profitability quarter-on-quarter (Q-o-Q) and we have also seen good delivery based buying in the counter. One may buy Pidilite Industries for a target price of Rs 307 and a stoploss of Rs 282. It again has been one of those favourites of HNIs as well as institutions which have seen good delivery based accumulation. It has gone on to some sort of sideways consolidation and we could see the upward momentum resume on this counter. One may buy Ashapura Minechem for a target price of Rs 76 and a stoploss of Rs 63. This call has seen some very heavy hectic buying in the last one month or so and we saw it cooling off a bit but the momentum again seems to be picking up and therefore a buy on this counter. One may buy Aban Offshore with a target price is of Rs 394 and one could keep a stoploss of Rs 358. The stock has seen some favourable news flows coming with all the sanctions that got lifted from Iran and therefore going forward we should see the prospects improving and we have already seen the stock run up quite a bit in the last one month or so and it also went into some sort of consolidation but the upward momentum could again resume.