Buy Tech Mahindra, Crompton Greaves, YES Bank: Ashish Kapur

In CNBC-TV18's popular show Bull's Eye, Ashish Kapur of Investshoppe shares his trading strategies for the day.

One may go long in Tech Mahindra with a target of Rs 1,750 and a stoploss at Rs 1,670. Now with the market undergoing some sort of a correction in the near term, I feel it is a good idea to start picking stocks and export oriented stocks would be the ideal bet according to me. I am suggesting a long in Tech Mahindra with this in mind. The company has seen a good traction in revenue as well as profitability over the last few quarters. One may go long in Crompton Greaves with a target of Rs 130 and a stoploss at Rs 122.50. Over the last quarter we have seen some signs of growth returning back to this erstwhile blue chip and we feel the stock has long way to go. One may go long in Escorts with a target of Rs 125 and stoploss at Rs 119. Escorts seem to be on the recovery path. The stock has been performing well and over the last few quarters we have seen significant rise in the number of tractors which they have been able to sell also the company has been able to manage price hike effectively. One may go long in YES Bank with a target of Rs 380 and a stoploss at Rs 360. The bank has recovered a lot from the lows it saw a couple of months back when there were concerns regarding its ability to tap wholesale funding given the Reserve Bank of India (RBI) tightening measures. We feel that the bank is on a good growth trajectory and is also a high beta name within the banking sector. So, any revival after the recent short-term correction would see a significant jump back in the stock price.