Everest Kanto is looking strong at current levels.

Presently, the stock is hovering around Rs 323 on BSE. Interested investors can purchase the stock at current level, to achieve a target of above Rs 345.

Kanto Cylinder Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 21, 2007, inter alia, has approved the following: Investment Holdings Ltd, a subsidiary of a fund advised by TVG Capital Partners Ltd and preferential allotment of 3,48,027 equity shares of face value of Rs 2/- each at a price of Rs 250/- per share to Brightwill Ltd, a subsidiary of a fund managed by CLSA Private Equity Management Ltd as prescribed under the Guidelines for Preferential Issues contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000. of face value of Rs 2/- each at a price of Rs 250/- per share to TVG.