Sell IRB Infra, Adani Ent, Crompton: Agarwal

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

Buy Dena Bank with a target of Rs 118 and stop loss of Rs 108. The company is expected to come out with its results tomorrow. Last time the advance tax numbers were good therefore expect the numbers for the results to be better for tomorrow. Again Dena Bank is trading at a significant discount to its price to book value where the book value stands at Rs 145 for FY13 therefore trading above 0.76 times to its book. Short IRB Infra with a target of Rs 115 and stop loss of Rs 122. The current conspiracies have hit the IRB Infra stock very hard. Considering the CBI is probing the land deal the stock can see some sort of downward trend. The results were good but despite that it has failed to react any positive. I believe it is a sell call for the short-term. Sell Adani Enterprise with target of Rs 215 and stop loss of Rs 230. Sell Crompton Greaves with target of Rs 115 and stop loss of Rs 125. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.