As per technical charts, MPHASIS can be bought at current price with a strict stop loss of Rs 290 for the target of 302-309. This is an intraday trading recommendation.

As per view of technical analysts, SAKTHI SUGAR, which ended the day at Rs 75 on Friday can be purchased at current market price.

Cairn India can be purchased with stop loss of Rs.217 for target of Rs222-226.  The stock is looking attractive at current market price.

Stock analyst E Mathew is of the view that IDBI stock will provide hefty gains in the short run.

Presently (1:00 pm), the stock is trading 0.6% down at Rs 173.40.

Mr. Mathew has suggested investors not to sell IDBI stock before achieving a short term target between Rs 190-200. Traders should use Rs 163 as a stop loss. The stock can be bought in the range of Rs 167-169. Don’t buy it on upper levels.

IDBI has seen a 52-week high of Rs 181 on Bombay Stock Exchange. The P/E is 19.46, and EPS stands at Rs 8.96.

It seems that IDBI will touch another yearly high in the said time period. So keep the stock for at least 3-4 weeks.