Buy Gujarat Fluoro, says Rajesh Agarwal

Buy Gujarat Fluorochemicals, says Rajesh Agarwal of Eastern Financers.

Agarwal told CNBC-TV18, "One can buy Gujarat Fluorochemicals with a stop loss of Rs 451 and a target of Rs  520. These are intra day targets. On a longer term horizon, this stock can move up to Rs 700 also."

He further added, "This Company operates in refrigerants and gases and they also have a subsidiary which is into wind power and the other subsidiary is INOX which runs a multiplex. They have announced capex in caustic soda and Poly Tetra Fluoro Ethane (PTFE) and this Company is one of the largest carbon credit generating projects in the world."

"The current quarter numbers were very good; PAT was up 280% and its currently quoting a PE of less than 10, which we think is highly undervalued considering the fact that revenues from the carbon credit division is going to be there for the next 5-6 years. So, one can buy this."

Disclosure: I do not have a personal holding but may have recommended the stock to clients.