Buy stocks of SKS Microfinance with target of Rs 190-195

“We should see micro finance bill also going through and with the model changing for micro finance companies especially SKS Micro it should be positive going ahead. In fact, I have been positive on SKS Micro ever since we saw those levels of closer to Rs 90- since then I have been recommending that stock and every time I have been upping my target and now my target is about Rs 190-195 for SKS.”


The company's trailing 12-month (TTM) EPS was at Rs 15.43 per share. (). The stock's price-to-earnings (P/E) ratio was 11.48. The latest book value of the company is Rs 43.07 per share. At current value, the price-to-book value of the company was 4.11.

Sell stocks of TCS, HCL Tech.

“IT should be utilized to sell. Whenever we see that bounce back and we saw that bounce back in the last two months despite poor results from some of them. But December quarter results will still be poor or maybe poorer than what we saw in September.”

“At these levels one should be exiting stocks like TCS and HCL Tech. Infosys anyway I have been negative for the last six-seven months. Wipro , I don’t think because of that news Wipro should move up, anyway that belongs to that segment which is going to be demerge. I don’t think Wipro should move up because of that news.”

Buy stocks of Dr Reddy

“Dr Reddys has come in our buy list repeatedly. It is a buying opportunity even at current prices.”


He further added, “It is very gratifying to see the PSU banks do well. For the last two weeks that has been the most underlying theme that I have been giving on the channel that PSU banks are the next sectoral opportunity. The way to play is in three-way. There is still steam here. Ideally you want to buy these stocks when they have a pause. There is no sense in running after them, but there is more upside left. So the three-ways you can just trade the Bank Nifty. Go for individual PSU banks and third if there are Exchange-Traded Funds (ETFs) which are created only for PSU banks. So if there is enough liquidity buy a PSU bank ETF.”

Buy stocks of Jet Airways

“Jet Airways is something that I would now avoid. It needs to go through a very deep correction before it becomes a buying opportunity again. But jet’s charts are excellent. They promise and suggest much higher levels. As a tactical decision this is not a buy at current levels.”


He further added, “There is no short selling opportunity anywhere in the Nifty except for some stray counters. Bharti Airtel is going through a correction. The rally itself was a little overextended and the correction is not over yet. So the sense will come when it corrects and completes its correction to go and buy it again. That will take a bit of time.”

Buy stocks of HDIL

“I have been taking a bullish call when HDIL was Rs 70 so I think that continues. I have also explained that HDIL, Indiabulls are the two real estate favorites. Both have done well in their own ways. I think the question is should we be buying HDIL at current prices and the answer would be for a short-term trader, for a momentum trader, yes even at current prices there is the prospect of another upmove. That upmove can be captured. Just be careful because the markets are choppy, but there is an opportunity.”


He further added, “All the IT majors are looking disappointing. So the trade here is not to take any buying call, not to try to buy these falling knives and stay away. They require a lot of consolidation and a lot more effort before we can say okay; this sudden onset of declines that they have come into is over. At this point it is an avoid.”