Deccan Aviation looks compelling to be purchased for intraday trading in today’s session.

The stock has given an outstanding performance on yesterday (4 Jan), and closed the day at Rs 281 on National Stock Exchange.

Interested day traders can pay for the stock with a strict stop loss of Rs 293. Stock analysts have recommended a price target of Rs 314 for this counter.

The total volume of the shares traded on Jan 4 was 1367592 on NSE. The stock is looking robust to reap good returns.

On the National Stock Exchange, the stock has touched 52-week high of Rs 334 and the low of Rs 86. The intraday outlook for the stock is really very strong. The stock is too good for quick gains.

The company has earned a net profit of Rs -419crore for year ending June 2007 and Rs -253crore for quarter ending September2007.

Other companies from transport sector which are looking good for intraday trading include Container Corp, Jet Airways, SpiceJet and Allcargo Global.