Stock Idea: Everest Kanto Cylinder (EKC)

SKP Securities has recommended a buy rating on Everest Kanto Cylinder (EKC) with a target of Rs 229 in its December 1, 2008 research report. "EKC has planned a capacity expansion of 2,05,000 cylinders including the capacity for 5000 jumbo cylinders, industrial cylinders at Gandhidham with an estimated capital expenditure of Rs 650 million. EKC has made an aggressive capital expenditure plan in China, through EKC Industries (Tianjin) Co. Ltd, the company’s wholly owned subsidiary in China."

"At the current market price of Rs 140, the stock is trading at a P/E of 15.05x and 12.32x of FY09E and FY10E earnings of Rs 13.37 and Rs 16.34 respectively. We recommend BUY rating on the stock with a target price of Rs 229/- (63% upside) in 18 months implying a P/E multiple of 14x of FY10E earnings," says SKP Securities' research report.

Source: Moneycontrol.com

Intraday Trading Calls for 01st December

Indian Stock Market may open flat to positive and remains very volatile through out the day today. A flat to positive closing expected.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
SESA GOA	Buy Above	75.60	77.75	80.00
	Sell Below	73.20	71.15	68.00
HCL TECH	Buy Above	138.80	143.35	148.00
	Sell Below	135.40	132.15	128.00
RPOWER	Buy Above	111.20	114.45	118.00
	Sell Below	107.50	104.35	100.00
BANK OF BARODA	Buy Above	260.10	265.45	272.00
	Sell Below	255.05	251.35	246.00
SATYAM COMPUTER	Buy Above	245.20	249.60	255.00
	Sell Below	241.35	237.50	232.00
INDIABULLS REALEST	Buy Above	95.80	99.40	105.00
	Sell Below	93.30	90.40	86.00

Short to Med. Term Delivery Buy Adhunik Metaliks CMP Rs. 25/- Target Rs. 45+.

GOOD LUCK