Hind Construction stock is looking good for intraday trading today. It has performed brilliantly on Wednesday (26 Dec), and marked its closure at Rs 208 after making a gain of 7.33 percent.

Today (27 Dec), it will surely cross Rs 213. If the stock hits this said target, the next intraday target will be above Rs 218. Traders can buy this stock at Rs 205 with a strict stop loss of Rs 204.

The total volume of the shares traded on Dec 26 was 2,324,993. It is looking very strong, and grasp as much as you can.

On Bombay Stock Exchange, the stock has touched 52-week high of Rs 229 and the low of Rs 82.65. The intraday outlook for the stock is really very strong. The stock is too good for quick gains.

The committee of the board of directors of Hindustan Construction at its meeting held on Dec. 20, 2007 allotted 7,500,000 warrants to the promoter(s) / promoter group of the company on preferential basis, entitling the warrant holders to apply for a equivalent number of fully paid equity shares of Re 1 each of the company at a price of Rs 202.50 a share at any time during 18 months from the date of issue.
 
The aforesaid allotment of warrants was in pursuant to special resolution passed by the members of the company on Dec. 10, 2007 through postal ballot.

Other companies from the sector which are looking good include Unitech and Jaiparkash Asso.