While software segment is facing the heat of global slowdown, Polaris Software Lab Limited performed well for the third quarter of current financial year. The company provides application development solutions to banking, finance and insurance sector.

The company posted 94 per cent increase in net profit despite low demand in IT segment and tight liquidity conditions. The board of company has decided to pass 30 per cent dividend to shareholders.

Stock market analysts have suggested investors to ‘sell’ ICICI Bank stock with a target of Rs 375.

According to them, interested investors can sell the stock between Rs 385-390 with a strict stop loss of Rs 409.
 
Today (Jan 21), the stock opened at Rs 381, as against its last closure at Rs 397.30 on the Bombay Stock Exchange (BSE) on Tuesday (Jan 20). Current EPS & P/E ratio stood at 37.03 and 10.28 respectively. The share price has seen a 52-week high of Rs 1300 and a low of Rs 282.15 on BSE.

In the last trading session, ICICI Bank fell by almost 4 per cent penetrating its 50-day moving average.

Stock analysts have maintained ‘buy’ rating on ONGC stock with an intraday target of Rs 675.

According to them, interested traders can purchase the stock between Rs 658-662 with a strict stop loss of Rs 650. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 685.
 

Stock market analysts have maintained ‘buy’ rating on Entertainment Network stock with a short term target of Rs 191.

The investors can achieve the said target within a period of 4-5 weeks. So they are advised not to sell the stock before achieving this price target.

According to analysts, interested investors can purchase the stock on declines with a stop loss of Rs 163. If the stock market remains positive in the coming days, the next target for the stock will be above Rs 197.
 

Stock market analysts have maintained ‘buy’ rating on Ashok Leyland stock with a short term target of Rs 16.5.

According to analysts, interested investors can purchase the stock on declines with a stop loss of Rs 14.3. If the stock market remains positive in the coming days, the stock pricing becomes more attractive, and reach above Rs 17.5.
 

Stock market analysts have maintained ‘buy’ rating on Balrampur Chini stock with a short term target of Rs 55 in 3-4 weeks.

According to analysts, interested investors can purchase the stock between Rs 49-50 with a stop loss of Rs 45. If the stock market remains positive in the coming days, the stock pricing becomes more attractive, and reach above Rs 58 within the said time period.