Buy Gujarat Fluoro: Rajesh Agarwal

Buy Gujarat Fluoro, says Rajesh Agarwal of Eastern Financiers.

Agarwal told CNBC-TV18, "One can buy Gujarat Fluoro stop loss of Rs 490 and target of Rs 515. Company is into refrigerant gases and their subsidiary is into wind farm. They plan to expand into chemicals. Even INOX multiplex is their subsidiary."

He further added, "They have announced huge capex for caustic soda and other chemicals. It is one of the largest carbon credit gainers in the world. Q1 numbers were impressive with PAT growth of 280%. Its currently trading at PE of less than 10 on FY12 expected earnings and hence we recommend a buy. This can also be bought for a longer term with a target of Rs 800 but for intraday the target is Rs 515."