Buy MindTree, JK Tyre, Yes Bank: Agarwal

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

Buy MindTree with a target price of Rs 780 and a stop loss of Rs 735. Yesterday MindTree closed at its two-and-a-half year high and I believe that the momentum will continue for the short-term on the upside. Post results the stock has been showing great strength and its one of the good pick in the midcap IT sector. A short-term target can be seen around Rs 820. Buy JK Tyre with a target price of Rs 122 and a stop loss of Rs 113. JK Tyre has doubled from January 2000 lows and the stock may see some outperformance against the market. The rubber prices have cooled off which will improvise its margins for next quarter. The possibility for the medium-term can be looked around Rs 130. Buy Yes Bank with a target price of Rs 350 and a stop loss of Rs 330. Yes Bank is one of the best banks in the midcap sector; it is trading about two times to its price to book value for FY13, the CASA growth is expected to be around 18% with a NIM of 3% growth therefore I believe it’s a good time for a long-term investor to enter at these levels. Buy IRB Infra with a target price of Rs 130 and a stop loss of Rs 122. IRB have consolidated between the price range of Rs 120-130. If the market breaks out from here onwards then the new trend will emerge and IRB will participate in that kind of growth. It has excellent track record of execution, good future order book and therefore I would recommend the long-term investors to enter at this price range for making their money in FY14.