Buy Mahindra Ugine, Panacea Bioetc: 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 Mahindra Ugine with a stop loss of Rs 74 and a target of Rs 85. This is a rollover stock from our yesterday's pick. We have revised our stop loss and target for this. For intraday the stop loss is Rs 74 and target is Rs 85.

One can buy Panacea Biotec with a stop loss of Rs 117 and a target of Rs 135. This is India's second largest producer of vaccines and highly progressive pharma company. They have bagged government orders for polio vaccine, awaiting World Health Organization (WHO) approval for vaccines to the immunisation programs. Fourth quarter top-line was up by 105 percent, interest cost went down, losses went down. Going forward we think that this company is going to show improved numbers, hence a buy call.

One can buy Financial Technologies with a stop loss of Rs 799 and a target of Rs 830. There is a buzz of stake sale in Indian Energy Exchange to pare Financial Technologies' stake down to 25 percent apart from which holding in MCX is going to give good returns. We have witnessed good accumulation in the stock in the recent past from High Networth Individuals (HNI) corners and we believe that the momentum is going to continue, hence a buy call. Stop loss is Rs 799 and target is Rs 830.

One can buy ESS DEE Aluminium with a stop loss of Rs 592 and a target of Rs 614. The company is basically engaged in pharmaceutical packaging materials out of aluminium and PVC, caters mainly to pharma industries. There has been lot of buzz of stake sale of the company and lot of HNI interest has been seen. It has been on an uptrend from quite sometime and we believe that this uptrend would continue for some more time. The numbers have been better from the last quarter, hence a buy call. For intraday the stop loss is Rs 592 and target is Rs 614.