Buy UPL, NIIT Technologies, AIA Engineering: Paras Bothra

In CNBC-TV18's popular show Bull's Eye, Paras Bothra of Ashika Stock Broking shares his trading strategies for the day.

Buy UPL. This company has done its string of acquisitions for the last couple of years and those have stabilized as far as the operations of this company are concerned internationally. This company is going on with a buyback at present up to Rs 220. We feel that this stock should do reasonably well in coming months and quarters. For the day we have a buy recommendation for the stock with a target of Rs 230 and stop loss of Rs 212.

Buy NIIT Technologies. This company has come up with good results and the management was also exuding confidence as far as the order intake of this company is concerned. We feel that the company is trading at 8.5 times one year forward and reasonably valued and the stock should do well. We have a buy recommendation on the stock with a target of Rs 415 and stop loss of 380.

Buy AIA Engineering. This company manufactures products for thermal power companies and mining and other industrial companies. The company is doing reasonably well and the cash flow remains quite strong, return on equities is also good for the company. We feel that this should do well, we have a buy recommendation with a stop loss of Rs 498 and target of Rs 540.