Technical analyst Ashwani Gujral has maintained ‘buy’ rating on Housing Development and Infrastructure Limited (HDIL) stock with a short term target of Rs 415.

According to him, interested investors can purchase the stock above Rs 308 with a strict stop loss of Rs 275.

Today (Sep 04), the company’s shares opened at Rs 323.90 on the Bombay Stock Exchange (BSE), as against its last closure at Rs 325.85 on Monday (Sep 02). Current EPS & P/E ratio stood at 55.38 and 5.62 respectively. The share price has seen a 52-week high of Rs 1116.96 and a low of Rs 254.67 on BSE.

Stock market analyst Ashwani Gujral has maintained ‘buy’ rating on Orbit Corporation Limited stock with a short term of Rs 380 in 3-4 weeks.

According to Mr. Gujral, interested investors can purchase the stock above Rs 280 with a strict stop loss of Rs 250. If the stock market remains positive in the coming days, the stock pricing becomes more attractive, and reach above Rs 425 within the said time period.

Stock market analyst Vishwas Agarwal said that the stock market is in safety zone above 14,786 level for traders with a target of 15,350, 15,555 and 15,786.

Regarding NSG meeting on nuclear contract to be held on September 4 and 5, Mr. Vishwas said that if the contract goes through, then the previously said level of 15,786 will be accomplished easily.

Technical analyst Vishwas Agarwal stated that some trading action is possible, on Friday (August 29), on the Bombay Stock Exchange (BSE) above the 14,150 level, as inflation numbers for the week ended Aug 16, 2008, came below hope in a surprising manner.

He also said that the upbeat mood in the international markets will help some recovery of the stock markets.

Stock market analyst Vishwas Agarwal said that the stock market is tradable with 14,555 and 14,786 target on the BSE above 14,350 level.

At the same time BSE below 14,150 and Nifty below 4,252, the stock market will be pessimistic.

On Tuesday (August 26), ADAG group stocks and a few banking stocks bettered the reaction during the second half, but still no clear indication of trend has appeared.

After opening positively on Thursday (July 31), Indian equities continued to remain volatile all through the day on account of F&O expiry and high inflation figures.

BSE Midcap and Smallcap index closed on a negative note after declining 0.24% and 0.21% respectively.

The majority of Asian stocks climbed up on Thursday, led by mining companies as oil rates surged over $ 4 per barrel on July 30, and metals advanced.