Stay with Aftek, says Agarwal

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Stay with Aftek, says Agarwal

Rajesh Agarwal of CD Equisearch is of the view that one can stay with Aftek. The company’s performance has been quite good and they have three subsidiaries, which when unlock will give great value. Even if you look at the cash portion, Rs 33 cash per share is a great trigger for the stock.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rajesh Agarwal See what other Experts & Brokerages are saying about Aftek See messages about Aftek Aftek BSE | NSE 28/05/12 Are Mutual Funds betting on Aftek?

Rajesh Agarwal of CD Equisearch is of the view that one can stay with Aftek . The company's performance has been quite good and they have three subsidiaries, which when unlock will give great value. Even if you look at the cash portion, Rs 33 cash per share is a great trigger for the stock.

Agarwal told CNBC-TV18, "Aftek performance has been quite good and they have three subsidiaries, which when unlock will give great value. Even if you look at the cash portion, Rs 33 cash per share is a great trigger for the stock. They have negotiated with most of their customers for billing, which is a 2% plus-minus currency fluctuation. So they have come out of that dollar problem also but getting in at this level is a real problem. I would suggest a hold for one who is holding with the stock but getting in around Rs 75-80 would be a better choice."

Disclosures: Analyst doesn't hold the above stock. Although the company or its clients may be hold trading / investment positions.