Buy SKS Micro, Thomas Cook; sell Rel Infra: Dharmesh Kant

In CNBC-TV18's popular show Bull's Eye, Dharmesh Kant of Indianivesh Securities shares his trading strategies for the day.

One can buy SKS Microfinance for a price target of Rs 360 with a stoploss of Rs 327. SKS Microfinance has been doing pretty well for last couple of quarters. The company is well capitalised with a capital adequacy ratio of more than 39 percent. The yields have been improving on the bottomline and the asset qualities is now firmly under control.

One can buy Thomas Cook (India) for a price target of Rs 160 with a stoploss of Rs 140. It is a diversified play into three main verticals, primarily the tours and travel related financial services arms, second is their vacation ownership through the acquisition of Sterling Holidays and the third is the human resource services through the acquisition of IKYA. The third vertical that is their HR Services division has been doing particularly well and management is very confident of posting solid topline and bottomline growth in this vertical.

One can sell Reliance Infrastructure for a price target of Rs 660 with a stoploss of Rs 703. The stock has been seeing consistent selling pressure though the market has been going up. In the near future some pressure is likely to continue on Reliance Infrastructure and hence a momentum sell call on it.