Technical analyst Abhishek Jain of Stocksidea. com has suggested investors to buy S V Electricals Ltd stock for short term.

Mr. Jain expects the stock to hit a target of Rs 25.

The stock may face some resistance around Rs 19 levels, but after that it can even have more upward movement.

The scrip has very strong support at Rs 8.

Shares of the company, on Friday (Sep 18), closed at Rs 12.79 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 12.79 and a low of Rs 3.89 on BSE.

Mr. Jain said that the stock is looking strong technically. It will blast in short term.

The company's board has sanctioned the appointment of Naresh Jain as the company's MD with effect from Sep 08.

The directors have also given their nod to raise the company's authorized share capital to Rs 2100 lacs from Rs 600 lacs by adding up 150 lac fresh equity shares worth Rs 10 each and to make allocation of 155 lac equity shares of Rs 10 each for cash at par aggregating Rs 1550 lac on preferential basis.