Buy Yes Bank, Tilaknagar Ind, Sintex Industries: Agarwal

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

One can buy YES Bank with an intraday stop loss of Rs 304 and a target of Rs 319. The numbers were pretty good. First quarter bottom-line was up by around 38 percent, net interest income was up by around 40 percent. Even the net non performing assets has gone down by around 49 percent. There are some issues regarding their family problems which has taken a toll on this stock and is trading at a PE of less than 8 for which a private sector bank is highly attractive. It is trading at a huge discount to what it should be. For intraday one can buy this for a target of Rs 319 with a stop loss of Rs 304.
One can buy Tilaknagar Industries with a stop loss of Rs 62 and a target of Rs 67. This is a leading player in Indian made foreign liquor industry that basically focus on south Indian market having around 40 brands catering to different price points. Apart from selling in the domestic market the company exports to many countries including Middle-East, far east and the Caribbean countries. Trading at a PE of 9 we think the valuations are extremely attractive and it is a buy call for intraday with a stop loss is Rs 62 and target is Rs 67.
One can buy Suven Life Sciences with an intraday stop loss of Rs 30.50 and target of Rs 35.50. The company reported strong set of numbers yesterday. First quarter PAT was around Rs 29 crore as against Rs 8 crore and topline grew by around 54 percent. They have recently acquired two products patent for their new chemical entities (NCE) from Europe and this is going to help them in reporting better numbers in coming quarters also. Trading at a huge discount to its peers we think it is a good buy.
One can buy Sintex Industries with a stop loss of Rs 22 and target of Rs 26. Although the numbers were bad in the first quarter but the management has shown confidence that in the coming quarters it will improve on the back of value added products and increased capacity utilization. The company is planning to implement around 3 lakh spindles which, five years down the line would be increased to 10 lakh spindles. At the current valuation we feel that all the negatives have already have been discounted in the price hence it is a buy call.