Buy Dabur India, Persistent, Havells: Abhishek Agarwal

In CNBC-TV18's popular show Bull's Eye, Abhishek Agarwal, Fortune Interfinance shares trading strategy of the day.

Buy Dabur India with a target price of Rs 122.50 with a stop loss of Rs 117. The stock has touched its 52 week high on Friday’s closing and today the results are expected to be in line with most of the analysts. I believe the stock is attractive for the short term basis.
Buy Persistent System with a target price of Rs 415 and a stop loss of Rs 390. Last week the company has given excellent set of numbers where the PAT was up 50% Q on Q basis. The cash and cash equivalent for the stock is about Rs 130 crore and is attractively priced at 10 times of PE. I believe the stock is a buy for medium to short term.
Buy Havells India with a target price of Rs 630 and a stop loss of Rs 595. Havells India is looking very strong on technical charts. The stock has already given return more than 45% since January. I hope the momentum should be built up on and this week it should be closing positively.
Sell Maruti July Call with a target price of Rs 1,100 and a stop loss of Rs 1,170. The Manesar issue is extremely serious and it is a concern for going forward for the company. Both - volumes and margins will be impacted and therefore it’s a sell call for medium to short term.