Kernex Micro seems to have settled at Rs.140 levels and one could buy it with 6 months view, where share has potential to cross Rs.200 mark.
Essar Shipping have corrected sharply and now ruling at Rs.140 is viewed a good buy in view of merger of closely held companies of the group. On NAV basis, share value works out to Rs.400 by analysts. Good for medium term.
Axis Bank is recommended a good short term buy at Rs.800 for a Rs.50 gain.
Adani Enterprises is likely to witness informed buying and share may show a rise of about Rs.40 from its present levels of Rs.530.
Profit booking is advised in Pantaloon Retail and one may exit from the stock at Rs.425 levels as Q4 working is likely to be below market expectations, which may pull down price below Rs.400.
HUL is a good buy at the current rate of Rs.239 for short to medium term. One can accumulate this stock at every decline.
A well known broking house is recommending NTPC to its client at the current rate of Rs.197.
With Morgan Stanley predicting that the Indian rupee could reach a decade high of Rs.38.61 per dollar by June 30th 08'; FIIs are expected to pump in more money to take advantage of the currency arbitrage.