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 Gati with a target price of Rs 63. The company came out with fairly good results especially with the improvement in the e-commerce space which grew by over 100 percent and which is significantly positive for the company. In the short run we have seen some investment buying and accumulation in the stock which may continue may take it to its target price of Rs 62.
One may buy TVS Motor Company with a target price of Rs 84.80. The company has come up with good numbers in this quarter and this can be accumulated in for the longer term perceptive. For a short run I expect some investment buying on the back of some news that came out regarding the vote on account benefits for two wheelers.
One may buy Tata Elxsi with target price of Rs 464. It have been moving upwards on large volumes, I expect this buying to continue and we could see the stock even move upto its target price of Rs 464.
One may buy Cadila Healthcare. Cadila has been doing well and we expect the company to perform better even on results. The stock has been moving upward on some investment bank which could be accelerated a bit further and that could at least move the stock to its target price of Rs 966.
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