Buy Zee Entertainment, Biocon, Colgate, Pidilite: Jajoo

In CNBC-TV18's popular show Bull's Eye, Vishal Jajoo of Nirmal Bang Securities shares his trading strategies for the day.

One may buy Zee Entertainment Enterprises. Last week we saw the numbers of the company against an expectation of an EBITDA margin of 26 percent plus the company reported EBITDA margins of higher than 28 percent. The losses from the sports division has actually come down and this should help the company to do well. One of the only names in the media stocks which we have been recommending and we continue to have our buy rating on the stock. Though over the medium term we have a much higher targets but the target for the day stands at Rs 268. One may buy Biocon which is one of the attractive bets in the pharma industry. The full valuation or the complete realization as far as the value unlocking exercise goes that has not happened in this company. It will take some time but this is a clear value buy which an investor should have in ones portfolio from a medium to long term perspective also. The target for the day stands at Rs 352. One may buy Colgate Palmolive (India). The numbers were relatively weak because of the higher ad spend. However, what is recommendable is the fact is that the company has maintained its market share, its leadership position and the market share at 56 percent is quite recommendable when there are new entrants coming into this business and continuing its leadership position and the fact that its 52 week high is Rs 1580 from there the stock is comparatively lower than what its peers are trading at. One may buy Pidilite Industries. It has a good set of numbers, maintains the margins and it a classic example of a company balance sheet which is debt free and the promoter holding is strong at 70 percent which is effectively utilized. It leverages its brand in passing on the raw material prices in the form of price hikes and has effectively maintained its market share as well as leadership position.