Technical analyst Abhishek Jain of Stocksidea. com has suggested investors to buy Ram Kaashyap Investments stock for short term.

Mr. Jain expects the stock to hit a target of Rs 25.

The stock may face some resistance around Rs 19 levels, but after that it can even have more upward movement.

The scrip has very strong support at Rs 9.

Shares of the company, on Friday (Aug 28), closed at Rs 16.63 on the Bombay Stock Exchange (BSE). The total volume of shares traded was 204,800 at the BSE.

Current EPS and P/E of the stock stood at 3.24 & 5.13 respectively. The share price has seen a 52-week high of Rs 16.63 and a low of Rs 9.28 on BSE.

Mr. Jain said that the stock is looking strong technically. It will blast in short term.

The meeting of company's directors took place on August 28, 2009, to consider and talk over lifting funds through different resources.

Kaashyap Capital and Securities is engaged generally in the capital market intermediary business.