Hot picks for this week[2006/01/24]

ViJiT

Vijith Pujari
Chennai Petro's next week target of Rs 282

As crude oil prices move up stocks like ONGC and Chennai Petroleum should do very well. We have seen a flamboyant close in Chennai Petroleum this week and this bullishness should spill into next week. First target on this stock would be Rs 282 next week.

ABG Shipyard is a pioneer in the shipbuilding sector

ABG Shipyard was up 10% yesterday and investors will have exciting days in this company going ahead as its order book continues to swell. Being a pioneer in the shipbuilding sector, the stock's ready for a re-rating.

GSFC has a very strong upside

GSFC has a very strong upside and delivery-based investors can buy the stocks with a short-term target of around Rs 195-200.

Zensar Technologies and Prithvi Informations to do well

Midcap software counters like Zensar Technologies and Prithvi Information Solutions may turn out to be winners next week. We have a one-year price target of Rs 260 on Zensar and Rs 480 for Prithvi.

Mawana Sugar and EID Parry have given nice break outs

Mawana Sugar and EID Parry have given nice break outs this week and are poised for further upside in the next few weeks.

One-year targets

In Banswara our one-year target is Rs 140; S Kumar's target is Rs 65; Alok's target is around Rs 110 and Welspun's 12-month target is around Rs 160-170.
 
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