Buy Jet Airways, Pantaloon, Phoenix: Agarwal

In CNBC-TV18's popular show Bull's Eye, Abhishek Agarwal of Fortune Interfinance shares trading strategy of the day.
 
Buy Jet Airways with a target price of Rs 640 and a stop loss of Rs 600. Jet Airways looks promising at the current levels. Any collaboration with cash rich international airlines will allow the company for fleet expansion and route expansion. If rumours come into reality then the stock can touch a target near about Rs 700 in the medium-term. The stock has already given substantial return in one month and I still believe the momentum is very strong ahead for the stock to touch these levels.
 
Buy Pantaloon Retail with a target price of Rs 255 and a stop loss of Rs 238. Pantaloon Retail can be a dark horse for giving returns to the shareholders in the year of 2013. Post FDI announcement by the government in this winter session, there is no major announcement happened from the company as far as getting new partners from the international arena. If it happens going forward then the stock can give substantial returns from the current levels.
 
Buy Phoenix Mills with a target price of Rs 260 and a stop loss of Rs 240. Phoemix Mills is a great lease rental module in the country. Shangri-La is set to open tomorrow and that can boost its returns substantially as far as rental-lease is concerned. It owns great properties at great locations especially Mumbai-Pune and Bangalore. Going forward it is again trading at very cheap valuations henceforth the stock can give good returns in next one year.
 
Buy Jaypee Infratech with a target price of Rs 54.5 and a stop loss of Rs 50.5. Jaypee Infratech is a good story in infrastructure space. At current levels it is trading nearly 1.25 times of its price to book value, 5.5 times of its price to earnings and the shareholder can be rewarded if it holds from the current levels. Promoter holds nearly about 83 percent in the company.