Buy Lovable Lingerie, NIIT Tech, Shree Ganesh Jewel: Kapur
November 1, 2012 by admin
Filed under Latest Lingerie News
In CNBC-TV18′s popular show Bull’s Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
Long on Lovable Lingerie with a target of Rs 395 and a stop loss at Rs 358. Within the garment space inner wear has veined a fairly recession proof segment Lovable in particularly has been doing very well. The previous few quarter results have been sparkling and the company continues to grow both the top-line and bottom-line at a very fantastic pace. Going forward we expect further improvement as the benefits of the recently concluded capacity expansion come into place.
Long on NIIT Technologies with a target of Rs 310 and a stop loss at Rs 287. NIIT is a company which has proved its performance fairly well and in the previous quarter the revenues grew at 6.5 percent backed by 3% volume growth and the margins improved by 97basis points. The company added three new clients, an order intake of USD 93 million
Long on Shree Ganesh Jewellery with a target of Rs 124 and a stop loss at Rs 112. Shree Ganesh is a well established player in the jewellery business and the company has embarked upon a major expansion of Rs 500 crore to enter into the retail space in a big way. This expansion will increase the number of stores from the present 10 to about 50 in the next fiscal. Moreover, the company which has been doing very well also plans to improve its margins further by setting up its own gold refinery unit.
Take a short position on Reliance Industries with a target price of Rs 780 and stop loss placed at Rs 817.
