Stock analysts have recommended a ‘Buy’ on Everest Kanto stock with an intraday price target between Rs 389-404, as against today’s (Jan 2) opening price of Rs 380.00.

The stock has seen a decent rise in recent trading sessions. It has the potential to rise to the target price as the company has fine growth projections considering its projects under implementation and aggressive growth plans.

Day traders can purchase the stock around Rs 378, with a stop loss at Rs 369.

Traders can surely reap good returns today. The stock has seen a 52-week high of Rs 384.45 and low of Rs 145.60 on the Bombay Stock Exchange.

The stock is expected to move up on the back of huge volumes, and provide decent gains in today’s session. The PE is 89.11 and the volume of shares traded on Jan 2 was 33, 197.

Everest Kanto Cylinder Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 21, 2008, inter alia, to transact the following: 1. To amend the existing regulations of the Articles of Association of the Company by replacing the existing Articles 205 to 290 in Chapter II of the Articles of Association of the Company with new Articles 205 to 290. 2. To pay remuneration, to each of the Independent Directors of the Company, for a period of 5 (five) years starting from the financial year ending on March 31, 2008, on terms & conditions.

Bilcare, Time Techno and Max India are some brilliant options for intraday dealings in today’s session.

From the last 5-6 days, the packaging sector has been performing well. There are great chances of an upside potential in all these stock today. Don’t miss the chance and make your profit.