In CNBC-TV18's popular show Bull's Eye, Rajesh Agarwal of Eastern Financiers shares trading strategy of the day.
One can buy Sudar Industries with a stop loss of Rs 138 and a target of Rs 160. This company is into textiles and manufactures and exports readymade garments for men, women and children. It basically exports to UK, USA, Italy and UAE. It has established name in exports hence likely to be benefited if FDI in retail goes through. So this will be one of the main beneficiaries.
One can buy Jyothy Laboratories with a stop loss of Rs 177 and a target of Rs 195. This is a FMCG company basically into fabric care, insecticides, household insecticides, surface cleaning, personal care etc. they have recently taken over Henko. They have bought stake of around 84 percent which has added some more brands to their portfolio like Margo, Neem, Chek, Pril etc and this addition of brands to their portfolio is going to help them in a long run. We believe that Henko is going to turnaround in the next one year.
One can buy 20 Microns with a stop loss of Rs 134 and a target of Rs 142. This company is one of the largest producer of white minerals which is used in various industries such as textiles, papers, paints etc. Has a portfolio of around 400 mineral products and exports to around 70 international customers in 53 countries. The company is in the process of taking over mines in Turkey which is going to act to the portfolio. Compucom Software is one of the cheapest stock available in education sector with a marketcap of just Rs 155 crore. We believe this company has a long way to go. This is a company based in Rajasthan which is in ICT education and software. They have tie-ups with various state governments to provide ICT educations in around 7,000 schools and ICT education will be implemented in around in 2,500 to 3000 schools by next year.
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