Stock analyst E Mathew is of the view that Himatsingka Seide is ready to zoom in the coming weeks.

If the investors want to take advantage of this voltality, buy it around Rs 106, with a stop loss at Rs 101. The investors should hold the stock for at least 3-4 weeks. The short-term target for the said period is Rs 140.

Mr. Mathew has suggested investors not to sell this stock before achieving the said short term target.

Yesterday (16 Jan), the stock closed at Rs 111.35 after gaining 3.49% on BSE. The stock still has much potential. So don’t miss the chance and make good profit.

Today, the stock opened at Rs 112.55 on BSE, and presently (10:29 am), the stock is trading 3.28% up at Rs 115 on BSE and 3.28% up at Rs 114.90 on NSE. The current P/E is 29.53 and EPS is 3.89.

Based on previous charts, it looks that Himatsingka Seide will surely announce good earnings for the three months period ended on Dec 31, 2007. So, the investors are suggested to keep the stock for at least 3-4 weeks to earn good profit.

Himatsingka Seide informed that the committee of the board of directors of the company on Jan. 2, 2008 allotted 256,000 equity shares on conversion of warrants to entities belonging to the promoter group in the ratio of 1  equity share for 1 warrant converted. The warrants were converted into equity shares at a price of Rs 130 a share.

Post this conversion, there are 5,288,000 warrants outstanding. The paid up capital of the company stands at Rs 489,725,800 comprising of 97,945,160 equity shares of Rs 5 each.

The stocks that look good for short-term dealings include S Kumars Nation, Shree Ram Urban and Eastern Silk. The textile sector has been performing well for last few days, and there are big hopes from all these stocks in the coming days.