Stock analysts have recommended ‘Buy’ on Neyveli Lignite Corporation with an intraday price target between Rs 256-261, as against current market price of Rs 250.55.

The stock has seen a decent rise in recent trading sessions. It has a potential to rise to the target price as the company has good growth prospects considering its projects under implementation and aggressive growth plans.

Day traders can purchase the stock around Rs 246, with a stop loss at Rs 250.

Traders can surely reap good returns today. It has seen a 52-week high of Rs 270 and low of Rs 49 on Bombay Stock Exchange. The stock is expected to move up on the back of huge volumes, and offer decent gains in today’s session. The PE is 60.61 and the volume of shares traded on Dec 26 was 728,934.

Reliance Energy, Tata Power and NTPC are some brilliant options for intraday dealings in today’s session.

From the last 5-6 days, the power sector has been performing superbly. There are great chances of an upside potential in all these stock today. Don’t miss the chance and make your profit.