Bangalore: CNBC-TV18 has recommended the following stocks for 2012.
1. Bank of Baroda
V.K. Sharma, of HDFC Securities, is bullish on Bank of Baroda futures at around Rs.852.
As told by Sharma to CNBC-TV18, Bank of Baroda for obvious reasons apart from the fact that it is getting to be a Nifty player now, it is also one of those stronger banks and had shown its ability to manage good times well which the assets which are not bad gives you enough indication. My strategy here is to buy the futures here at around Rs.852. Options are not very liquid here. Keep a stop loss of Rs.844 and Rs.870. I am afraid this is going to be a crowded trade here in Bank of Baroda, so some of those investors who want to probably wait for some time and enter I think it will give you a good opportunity.
He further added, "In terms of IFCI, options are liquid here and buying the 47 call at around Rs.2.85 with a tight stop loss of Rs.2.4 allows you to trade on the budget day because on the budget day there are chances that you could hear or even if you don't hear anything on that the stock does go up. So it is a call which can last one more day apart from what you hear from the Reserve Bank.
Currently, Bank of Baroda is being traded at Rs.841.05 in the stock market. Its 52 week high has been Rs.1,006.65 and 52 week low was Rs.631.00. It is currently being traded at an average volume of 360,536.