Buy IRB Infra, HDIL, Century Textiles: Agarwal

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

Buy IRB Infra with a target price of Rs 160 and a stop loss of Rs 146. Yesterday post management clarification regarding its non association with Nikhil Gadkari the stock has reversed and has moved up by more than 4 percent in yesterday’s trade. Considering government is looking to boost the sentiment in infrastructure sector IRB Infra is best positioned to gain that share therefore it is a buy in the medium to long-term. Buy HDIL with a target price of Rs 115 and a stop loss at Rs 103.50. Considering the recent rally in the real estate sector HDIL also moves significantly up and closes at logical barrier of above Rs 100. it has a great land bank in Mumbai region which fetches higher valuations therefore considering its valuation at PE trading above 9 times of its FY13 it is attractive in the real estate sector therefore a buy in the long term. Buy Century Textiles with a target price of Rs 430 and a stop loss of Rs 398. Century Textile had been earlier recommended in this week and the stock is doing pretty well considering yesterday’s trade. It again holds great land parcel in Mumbai region and considering its current trading price it is not justifying its actual valuations of its land. Buy IDFC with a target price of Rs 165 and a stop loss of Rs 150. IDFC would be an national gainer if the government looks after boosting the sentiments in the infrastructure space. Considering its valuations it is trading about 10 times of its FY14 EPS therefore at Rs 15 (Rs 50 check) and giving a multiple of FY12 the stock should translate into Rs 180 therefore it is a buy for medium to long-term.