Buy Rajesh Exports: Ashu Madan

Buy Rajesh Exports, says Ashu Madan of Religare.

Madan told CNBC-TV18, "I recommend buying Rajesh Exports at Rs 137 with a target of Rs 155. Rajesh Exports is a  largest manufacturer of jewellery ornaments and largest exporter also and this is on the fundamental side but if you  look at the market, in the last week there was correction across the board and this stock has shown lot of strength and  not even almost closed at a 52 week high but was surging ahead with high volume." He further added, "I feel if there is stability in the market and if it continues like this there could be a sharp upside still  left in this stock in the near future or in the short-term, so my recommendation would be to go long on Rajesh Exports  with a target of Rs 155."