Buy Orchid Chemicals, Jindal Poly, SCI: Agarwal

In CNBC-TV18's popular show Bull's Eye, Rajesh Agarwal, Eastern Financiers shares trading strategy of the day.

One can buy Orchid Chemicals with a stop loss of Rs 66 and a target of Rs 74. We are carrying over this stock from our yesterday’s position with a revised stop loss and a revised target.
One can buy Jindal Poly with a stop loss of Rs 169 and a target of Rs 185. This company is one of the largest packaging filmmaker and they have recently entered into a contract with Exxon Mobil to buy their polypropylene film business. This buyout would help the company not only to double its capacity, but enter new territories and have access to better technology. The company has plans for restructuring and they are demerging their finance division into a separate company and this restructuring is going to help the company to report better numbers in coming quarter.
One can buy Everonn Education with a stop loss of Rs 68 and a target of Rs 75. The company as we all know is into education sector. It has reported poor numbers after which the stock got a good beating and it corrected by almost 37 percent in the last one month. After the steep correction the counter is witnessing a bounce back and we believe that this bounce is going to continue for some more time. Moreover with a market cap of just Rs 157 crore we believe that some value buying would also emerge.
Buy Shipping Corporation of India (SCI) with a target of Rs 54 and stop loss to be placed at Rs 46.50.