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Gujarat Industries Power Buy Call

Shalini Kakkad 24 December 2007

Gujarat Industries Power is good pick for today’s intraday trading. The stock closed around Rs 130 on NSE during previous trading session. VK Sharma of Anagram Stock Broking Ltd. has suggested the stock for intraday trading with a stop loss of Rs 125.

The first target for Monday is Rs 138. The second target is at Rs 141. The stock may touch a 52-week high in today’s trading session.

Power stocks are having high volumes as the whole sector has seen a re-rating. There are many good stocks in the sector. Stocks in Power Sector may offer decent returns in long term. Investors may keep an eye on Tata Power, Reliance Energy, Neyveli Lignite (recommended by TopNews at 141 levels) and Power Grid Corp.

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