Zenith Birla is going against the market tide, and if the investors want to take advantage of this volatility, buy it around Rs 61. The stop loss is at Rs 59, and it will definitely reach above Rs 67-70.

Zenith Birla is looking too strong at current levels. The stock closed at Rs 64.60 (up 7.5%) on BSE yesterday. The 52-week high of the stock was Rs 65.90.

Buy the stock and see the difference. It will really outperform the stock market.

Zenith Birla (India) is eyeing the oil and gas pipeline market in the US and West Asia.

The group has also decided to establish a construction plant for mechanical tubes that is used mainly in automobile industry. The company announced its follow-on public offer of 23,818,182 equity shares of face value of Rs 10 each for cash at a premium of Rs 45 a share, aggregating to Rs 1.310 billion.

The company also declared that it will build up an additional plant at Khopoli, near Mumbai. It will make use of funds yielded from its ''Follow on Public Offer'' of 23,818,182 equity shares for this purpose.

Zenith Birla (India) Limited is a Multifunctional
Organisation having a turnover of US$.100 million per year, manufacturing a
wide range of products like Steel Pipes, Dyestuff Inter-Mediates, Synthe tic
Textile Yarns and Steel Cutting Tools.