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Last Updated : Nov 29, 2012 01:01 PM IST | Source: CNBC-TV18

Buy Hanung Toys, Unitech, Network 18 Media: Agarwal

In CNBC-TV18's popular show Bull's Eye, Abhishek Agarwal, Fortune Interfinance shares trading strategy of the day.


In CNBC-TV18's popular show Bull's Eye, Abhishek Agarwal, Fortune Interfinance shares trading strategy of the day.


Buy Hanung Toys with a target price of Rs 175 and a stop loss of Rs 161. Hanung Toys have given excellent set of results in the September quarter. Considering its whole year earnings per share (EPS) for FY13 about Rs 50 it is trading merely at a price-to-earnings ratio (P/E) of three times with a market cap of Rs 410 crore, its sales is about Rs 1,400 crore itself for FY12. Therefore, the valuation is very compelling for the stock, therefore I am recommending the stock on a medium-term to long-term.


Real estate stocks have given excellent returns in the last two months. With Unitech, the Telenor story is looking over at this point of time. Stock has already crossed a psychological level of Rs 30 and considering its excellent land bank, the current market price does not justify the prices. Therefore I am bullish on the stock from medium-term to long-term and another 20-25 percent can be added in the next couple of months.


Buy Spicejet which had been recommended earlier this week with the target price of Rs 48 and a stop loss of Rs 44. a lot of rumours are floating around with Spicejet with choosing its international partner like Air Asia or Qatar Airways. However, going forward, some or other international airlines will be tying up with this particular airline and that would be unlocking its true value going forward. I am bullish on the stock on the long-term and a potential target of about Rs 60 can be seen going forward.


Buy Network 18 Media & Investments with a target price of Rs 47 and a stop loss of Rs 43-45. Media stocks have been the new fancy in the market at this point of time where a lot of stocks have already run up by 22-25 percent in one week. Network18 looks excellent at this point of time since a lot of volumes have been accumulated in past one month. The stock again has crossed the psychological barrier of Rs 40 therefore a target of Rs 50 can be seen going forward.

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First Published on Nov 29, 2012 12:41 pm
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