Buy Kewal Kiran; target of Rs 735: Agarwal

Agarwal told CNBC-TV18, “I would recommend a buy on KKCL. This is a pure play on the Indian retail industry with branded garments, this company has two major brands Killer and Lawman and not to forget Rs 192 retail stores which this company has. The last quarter numbers were pretty good, full year numbers were also pretty good.”

He further added, “Currently it trades at around 12 times its FY12 earnings and we suggest a buy with a price target of Rs 735 and a stop loss of Rs 648.”

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