Buy Torrent Power, Tata Global, Aurobindo Pharma: D Cunha

In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha of ITI Wealth Management shares his trading strategies for the day.

One may buy Torrent Power. The stock has been moving up on good volumes. The company is expected to come out with good numbers and given the investment buying that is taking place in the stock, I expect that buying to continue. We have seen some amount of an upward move in last trading session. It should move up to hit its target price of Rs 103.50. One may buy Tata Global Beverage. It has been one of the good performers and has come out with good numbers. The industry is also favourable given the soft international prices for tea and growing demand for organic tea. However, from long-term perspective also it becomes a good entry point to buy into the stock. The stock will create a base from these levels and should move up from here to hit its target price of Rs 159.50. One may buy Aurobindo Pharma. It has shown good operating results and the stock has been rerated over the past few trading sessions. I expect investment buying to continue given the rerating of the stock and the fact that it was significantly under owned so far and buying could accelerate.