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Technical analyst Sanjay Surekha is of the view that investors can buy CMC Ltd stock for short term target of Rs 1400.

According to Surekha, the investors can buy the stock with a stop loss of Rs 1346

Today, the shares of the company opened at Rs 1330 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1525 and a low of Rs 476 on BSE.

Current EPS & P/E ratio stood at 94.59 and 14.57 respectively.

CMC Ltd announced a steady growth in standalone net profit for the three month period ended March 2010.

Following downturns in Asia and Europe sparked by concerns about national debts, U. S. markets tumbled hard Tuesday.

MarketWatch has reported that with debt in Greece at a crisis point, investors learned Tuesday that Spain, representing a far larger economy, was considering turning to the International Monetary Fund for a loan.

Stocks plummeted. Dow component Caterpillar Inc. dropped 4.63 percent, while Alcoa Inc. gave up 4.33 percent.

As the dollar leaped higher, trading up 1.35 percent on the dollar index on Tuesday, prices closed mixed on the Chicago Board of Trade.

Corn was off 2 1/2 to off 2 3/4, soybeans were off 2 1/2 to up 1/2, wheat was off 3/4 to off 1 3/4 and oats were off 1/4 to off 3/4.

It has been reported that corn found support in a late frost warning for northwestern areas of the Corn-belt but damage may be light, as the area is also generally late with planting.

According to the official reports, Saudi Arabian defense authorities have awarded a contract to Sikorsky Aerospace Services to upgrade the country's Black Hawk helicopter fleet.

It will provide modernization services on the Saudi military's UH-60A model Black Hawk helicopters in line with the company's Helicopter Recapitalization and Upgrade Program, U. S. Company Sikorsky has said.

Technical Analyst Salil Sharma has maintained 'buy' rating on Dena Bank stock to achieve an intraday target of Rs 88.

According to him, interested traders can purchase the stock with a stop loss of Rs 81.

The shares of the company, on May 04, closed at Rs 84.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 93 and a low of Rs 37.60 on BSE.

Current EPS & P/E ratio stood at 17.82 and 4.63 respectively.

Dena Bank is eyeing a loan growth of 22-24 percent in the current financial year.