Buy Phoenix Mills, Cinemax, KRBL, Jet: Prakash Diwan

In CNBC-TV18's popular show Bull's Eye, Prakash Diwan of Altamount Capital shares his trading strategies for the day.

Buy Phoenix Mills. We have recently seen the regulator come up with some of the very much awaited Real Estate Investment Trusts (REIT) guidelines. REIT guidelines are typically going to help those companies that have a fairly decent portfolio of leased assets and one of the best companies especially in the retail and commercial space with this kind of a portfolio is Phoenix Mills. We have a target of Rs 234 and a stop loss of Rs 220.

Buy Cinemax India. This is a company that has been in news thanks to the merger with PVR, the larger player in the market. Given the ratio that exists between the two companies from the swap, it is very clear that Cinemax is undervalued. If somebody where to buy Cinemax shares and get PVR shares is lieu of that as and when that happens, I am sure that is going to be a good arbitrage opportunity. You could probably see some buying come into Cinemax. We continue to see what we have seen from the previous week. Buy Cinemax with a target of Rs 280 and a stop loss of Rs 264.

Buy KRBL. It has been in the sweet spot of having to export Basmati rice to markets which have seen very good demand traction. There has been a good supply on this side, this particular season for a particular input that this company has and we are seeing some very good realizations coming in. An enviable portfolio, good market share, a growing coverage of production and harvesting in the rice business. KRBL is a stock to watch out for, look at a target of Rs 28.65 and a stop loss of Rs 27.25 for the stock.

Buy Jet Airways. Again we have seen the stock being in and out of news not all the time for the wrong or good reasons but this time around post the CCI approval, I am sure once the merger gets closer to end and also thanks to the fact that this has had a very good quarter in terms of operations on the ground, this could benefit tremendously in terms of rerating the stock from the current value. We would look at Jet Airways with a target of Rs 380 and a stop loss of Rs 340.