Buy Rasoya Proteins, Welspun Corp, Ipca Lab: Rajesh Agarwal

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

Buy Mahindra Ugine Steel Company with a stoploss of Rs 88 and target is Rs 95.50.
One can buy Rasoya Proteins with a stop loss of Rs 11.90 and target of Rs 13. This is a solvent extraction company operating out of Maharashtra. It is a major player in soya products like oil, cakes, etc. Despite carnage yesterday on markets we witnessed this stock made a new high in BSE with higher volumes and we believe that the momentum is likely to continue for some more trading sessions.
One can buy Welspun Corp with a stop loss of Rs 46 and target of Rs 50. This company is basically into submerged arc pipes and plates. The company is trying to restructure its operations with full focus on pipes and plates. They are demerging their other units into a separate company. They are trying to reduce their debt aggressively and this demerger is going to maximize shareholder value as debt is going to go down.
Buy Ipca Laboratories. One can buy this with a stop loss of Rs 683 with a target of Rs 702. This is a fully integrated pharma company which has around 350 formulations and 80 APIs under its belt. They have major international clients like GlaxoSmithKline, Merck Ltd, etc. The company has strong thrust on exports. Exports constitute around 61 percent of their total turnover. And the pain management business is doing extremely well.