Buy A2Z Maintenance with target of Rs 284: Agarwal

Buy A2Z Maintenance with target of Rs 284, says Rajesh Agarwal, Head of Research at Eastern Financiers.

Agarwal told CNBC-TV18, "One can buy A2Z Maintenance with a stop loss of Rs 255 and a target of Rs 284. This company is basically into EPC biz for power and municipal solid waste business."
He further added, "On the valuation parameter I find this company doing well. It is extremely cheap with FY11 EPS of Rs 14 and we expect the next year EPS to be around Rs 18. So trading at around 15-16 times, I think this stock is ready for a re-rating. One can buy this stock with a stop loss of Rs 255 and target of Rs 284."