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Top 10 intraday stocks and long-term stocks bets to beat volatility

Top 10 intraday and long-term bets to beat volatility

The Indian market has swung like a pendulum over the last many sessions. Stock picking is very important during the volatile times. There are many opportunities for the investors.

Moneycontrol Bureau

The Indian market has swung like a pendulum over the last many sessions. Stock picking is very important during volatile times as these. 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:

According to Sudarshan Sukhani,, Hero Motocorp is a day trading buy. "Hero Moto charts qualify for that. There is a buying opportunity. Probably just a day trade," he suggests.

HDIL, Sukhani says, is a low risk trade. "HDIL has been an outperformer distinctly in real estate and chart patterns are conducive. So, I think there is a day trade on the long side," he adds. 

Sukhani is also betting on SKS Microfinance. "It is a good trade and if it works in your favour then carry it forward. We are looking at a target of Rs 127-130," he asserts.

He is bullish on Kotak Mahindra Bank. "The target for a day trader or short-term trader is Rs 640. Kotak Mahindra Bank is one of the best stocks to trade today on the long side."

Multibagger ideas:

Portfolio manager PN Vijay has picked up Bata and Cadila as his multibaggers.

Bata, Vijay says, will show very strong performance in the succeeding quarters. "It is now available at Rs 870. I think this is one of the best consumer durable stocks in the country. I would recommend a buy at the current level with a target price of about Rs 965 in the next twelve months," he explains.

According to Vijay, midcap pharmaceutical company Cadila is a good buy, after the recent fall below Rs 800 levels. "At Rs 800, I recommend a buy on Cadila for long-term investors with a target price of about Rs 975," he elaborates.

Brokerage calls:

Bank of America Merrill Lynch has reiterated a buy on Bajaj Auto with a raised target of Rs 2,095. Bajaj Auto derives 25% of sales and estimated 30% of profit from the premium Pulsar brand. The company is expected to further leverage this franchise, driven by several launches sharing common platform with KTM Duke.

Goldman Sachs has a buy on Jubilant Foodworks with a target of Rs 1,704. Multiple store launch announcements and news on corporate tie-ups and pacts with developers, managing large business parks are the key catalysts for the stock.

Bank of America Merrill Lynch is neutral on BHEL with a target of Rs 228. Bhel has emerged as the l1 bidder for Odisha Power Generation Corporation's over 1,300 megawatt order. Revival in capex post power reforms and inexpensive valuations are positive catalysts for BHEL.

Standard Chartered has upgraded Shriram Transport Finance to outperform with a target of Rs 725. With clarity on new regulation, revival in loan growth and stabilising asset quality, the stock is likely to re-rate.

Vini Amesar.
First Published on Nov 20, 2012 09:56 am

#Bajaj Auto #Bata #BHEL #BSE #Cadila #HDIL #Hero Motocorp #Jubilant Foodworks #Kotak Mahindra Bank #Markets #Nifty #NSE #Sensex #Shriram Transport Finance #SKS Microfinance #Stocks Views #Sudarshan Sukhani

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