Buy Mastek, Yes Bank, Jet Airways: Agarwal

Buy Mastek with a target price of Rs 135 and a stoploss of Rs 122. The counter has seen heavy volumes and rise in price upto 25%. Today results are expected, unlike any other IT firm I hope that this company also delivers better than expectation of the street therefore I have a buy rating for the stock.

Buy Yes Bank with a target price of Rs 360 with a stoploss of Rs 340. This stock has been recommended earlier in this week. Two days ago Yes Bank had delivered excellent set of results however the stock has not caught up to the expectation. I believe considering the global cues it will catch up with the market.

Buy Jet Airways with a target price of Rs 358 and a stop loss of Rs 332. The counter has seen heavy selling pressure in the last trading session and is down by 18%. Street is losing its faith in the FDI story and that’s one of the reasons of this selling pressure. However I believe that stock will catch up due to the heavy selling pressure.

Buy Tata Motors with a target price of Rs 215 and a stop loss of Rs 202. Tata Motors has seen heavy selling pressure since April and the stock is down by more than 25%. It’s an entry day call and I expect a short covering today.