Buy TV Today, Reliance Power, Chambal Fertilisers: Mukadam

In CNBC-TV18's popular show Bull's Eye, Shahina Mukadam of Varun Capital shares her trading strategies for the day.

One may buy TV Today Network with a day target of Rs 115. The results that are likely to come out later this week are expected to show strong improvement in performance both on year-on-year (Y-o-Y) basis as well as on quarter on quarter (Q-o-Q) basis both advertising as well as subscription revenues are expected to show good growth momentum. Aditya Birla Group having taken a stake in the company a couple of months back, I believe this is a good medium as well as long–term bet. One may buy Mahindra & Mahindra Financial Services. The company came out with a good set of numbers, 32 percent growth in revenues and valuations are reasonable, its three times price to book and net non-performing assets (NPAs) are stable, slightly below 2 percent. In terms of market share the company has been able to maintain its leadership in both vehicle as well as lending to tractors both in the rural and semi urban sector. One may buy Reliance Power with a day target of Rs 77.50. It is available currently at about 1.2 times book. The stock has shown relative stability and is moving up steadily. I believe this upmove is likely to continue in the medium-term considering that the various policy changes that have taken place in the power sector are positive for Reliance Power. One may buy Chambal Fertilisers and Chemicals. I will buy it with a day target of Rs 37. The stock is likely to benefit from policy changes that take place in the fertiliser segment. The company being an important player in both phosphate as well as urea fertilisers and with rupee having stabilised I believe its raw material cost specially the phosphate acid cost should come down considering that a large part of it is important.