Buy Tech Mahindra, Madras Cement, Canara Bank: Agarwal

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

Buy Tech Mahindra with target of Rs 1000 and stop loss of Rs 940. Yesterday Tech Mahindra has come out with excellent set of results and considering the current bull run in the stock it seems that it will cross the four digit mark. I am positive on the medium to long-term therefore it should be a buy for the long-term investor. Buy Madras Cement with target of Rs 215 and stop loss of Rs 200. Yesterday Madras Cement has come out with its results as results were in line with the market. The sector itself is showing a very strong momentum and due to renewed interest in the Indian growth story I believe cement sector itself will be a very big booster. In the south market again it is one of the largest consumption market therefore Madra Cement should be directly gaining out of the entire proportion. Buy Canara Bank with target of Rs 450 and stop loss of Rs 412. Today Canara Bank results are expected to come and like most of the other banks the results were good. I believe that this stock results would be also good. Considering the recent rally in the entire spectrum of bank and the bullish trend of Nifty it seems that banking stocks will participate on a larger extent and Canara Bank should be taking full advantage of the same. Buy United Spirits with target of Rs 1300 and stop loss of Rs 1200. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.