Rajesh Agarwal of Eastern Financiers joins CNBC-TV18 to talk about certain stocks that have buzzing over a period of time.
He suggest buying Idea Cellular at every dip with a target of Rs 110 in the next 6-9 months. In a rate sensitive environment, when earnings was affected for almost all companies in the first quarter of this fiscal, Paper Products reported tremendous growth, he points out. "Accumulate the stock at declines with a price target of Rs 110-120 in the next 3-4 quarters," he advices.
Of the auto pack, he picks Bajaj Auto over TVS and says that the entire sector is likely to face a slowdown in sales and revenue growth, going ahead.
Cox & Kings is trading at very low valuations, considering its brand image, he says. The recent overseas acquisition (of UK's Holidaybreak) is likely to uplift bottomline for the company and therefore, it is a good stock to hold in the portfolio, he says.
Below is the edited transcript of his comments. Also watch accompanying videos.
We have seen lot of selling pressure in telecom stocks in the recent past, but now I think it