Buy Tata Motors DVR, IFCI, JK Tyre: Sharmila Joshi

In CNBC-TV18's popular show Bull's Eye, Independent Analyst, Sharmila Joshi shares her trading strategies for the day.

I buy Tata Motors DVR with a target of Rs 189. The margins for the JLR were quite good. We have a longer-term target of Rs 240.

I buy IFCI with a target of Rs 24.50. Once again we have seen a very good set of numbers from IFCI. Also the banking license news could keep IFCI in the buzz. So I think slowly we should see the stock going to Rs 28-29 kind of levels.

I buy JK Tyre and Industries with a target of Rs 151. The topline growth doesn’t seem to be very strong. The contribution has come in from the fact that rubber prices have been lower and I think the same will hold true for JK Tyre. I have a longer-term target of Rs 190.