Buy Hanung Toys with a target of Rs 162: Agarwal

Rajesh Agarwal, Eastern Financiers is of the view that one can buy Hanung Toys and Textiles with a target of Rs 162.

Agarwal told CNBC-TV18, "One can buy Hanung Toys and Textiles at a stop loss of Rs 132 and target of Rs 162. The reason why we like this stock is the extremely cheap valuation on which the stock is available. The stock has seen real battering in the last few trading sessions and has gone down to quite a reasonable valuation. Trading at the price to book value of 0.6 and PE of 3.5, we expect the co to report the EPS of around Rs 40 for the coming year."