Buy Insecticides India: Rajesh Agarwal

Buy Insecticides India, says Rajesh Agarwal of Eastern Financers.

Agarwal told CNBC-TV18, "One can buy Insecticides India with a stop loss of Rs 368 and a target of Rs 395. This company manufactures plant product chemicals and domestic insecticides. They have around 95 different brands and has two production facilities one is in Jammu & Kashmir and other one is in Gujarat." He further added, "The ramp up of capacities is taking place in both places and in the last three months the company has made trial production in its Gujarat facilities. They have seen strong numbers in Q1 with around 46% jump in bottom-line. Its trading at around 12 times FY12 earnings, which we think is quite undervalued. One can buy this with a target of Rs 395 on a intraday basis." Click HERE to know the rules and follow the score card