IMP Powers is a good stock for delivery with a target of Rs 430 in three months. The stock is currently trading at Rs 210 on National Stock Exchange. The volumes on National Stock exchange stood at 365k till 2.50 pm on Monday.

Power Sector has been performing well in past couple of months. Expectations from power counters are high and returns should be decent over next two quarters. The company may see good results as the demand for transformers is expected to pick up.

The company has recently posted impressive results. The net income has gone up by 38.71 percent at Rs 266.93 million. The AGM of the company will be held on November 30, 2007.

The stock has touched a 52-week high of Rs 219.80 today at NSE. At current price, the stock is trading with a P/E of 20.