Moneycontrol Bureau
Sentiments, across the global markets, have changed. There is a lot of optimism in the market now. The Indian market witnessed a strong rally on Tuesday. That rally is extended today.
Moneycontrol brings to you some of the recommendations given by experts that will help you cash in on the many opportunities available.
Stock picks for today:
Sudarshan Sukhani, s2analytics.com is bullish on Kotak Mahindra Bank . "It is now on the verge of a significant breakout on the upside. It is giving excellent signs of a strong uptrend. So, it is a buy. It is not an intraday buy necessarily," he elaborates.
HDIL has been Sukhani’s favourite. "A lot of the stocks are giving continuation patterns in an uptrend. That means HDIL rallied, it went into a sideways range and a sideways trade could go anyway. But, now, there are clear signs that the pattern, which it is developing, gives us another rally in the offering. So, we want to back HDIL today," he adds.
Sukhani has a 'buy' rating on Titan . "It rallied from Rs 210 to Rs 295. It is almost 45 percent in three months. We caught it when it moved up above Rs 230. Trends will always be discovered, once they start never at the beginning and since then Titan has been moving up. It has come in the buy list again and again as it has come today. It is making these new highs for this uptrend," he asserts.
Sukhani is also betting on Bajaj Auto . "It is a green chart. It rallied, made a small flag like formation. A flag comes midway in an uptrend and then it resumes its rally. It resumed it on Tuesday. I think there significant upside is left," he adds.
Multibagger ideas:
SP Tulsian, sptulsian.com has picked up CESC and Liberty Shoes as his multibaggers.
CESC, Tulsian says, is a good opportunity to buy it. "I am not giving a short-term view of five-six months. But if you keep a view of about one-year, they can look to a price of Rs 360," he adds.
According to Tulsian, Liberty Shoes looks quite good. "I feel that stock can move to Rs 140 in next one year or so," he asserts.
Brokerage read:
Stock: Jet Airways
Brokerage: Citi
Rating: Buy
Target: Rs 545
Rationale: The deal with Etihad will be skewed towards a fresh issue, which could result in fund infusion and reduce interest costs.
Stock: JP Power
Brokerage: Bank of America Merrill Lynch
Rating: Buy
Target: Rs 55
Rationale: JP Power is close to bagging the stage two forest clearance for a mine linked to its most profitable power projects. The stock could re-rate if it becomes free cash flow positive and the leverage situation improves.
Stock: Bharti Airtel
Brokerage: Nomura
Rating: Reduce
Target: Rs 290
Rationale: While there is a real potential for higher margins post the recent spectrum auction failure, the stock doesn't look cheap after the recent run.
Stock: GSK Consumer
Brokerage: Citi
Rating: Buy
Target: Rs 3,475
Rationale: Investors should tender in the offer and hold the remaining shares not accepted, as the stock may command a delisting premium from here-on.
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