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B. Krishnakumar

KEC International (Rs 72.9): After a period of consolidation, the stock appears poised to resume its uptrend. The near-term outlook is bullish and a move to the Rs 95-100 range appears likely. Remain invested with a stop loss at Rs 62. A close above Rs 75 could be used to take fresh long positions with a stop loss at Rs 63.

Birla Ericsson (Rs 23.1): The near-term outlook for the stock is bullish. A move to the Rs 32-35 range appears likely. Existing holders could remain invested with a stop loss at Rs 20. Fresh exposures may also be considered with a stop loss at Rs 21. The long- term outlook for the stock is positive and investors willing to wait for at least six months may expect returns in excess of 50 per cent.

Follow-up

Birla Corp (Rs 80.8): The stock ruled firm in line with last week's expectations. It appears on its way to move to the earlier-mentioned target zone of Rs 88-90. Only a drop below Rs 71 would negate the positive outlook. Remain invested with a stop loss at Rs 71. Fresh buying may also be considered on price dips with a stop loss at Rs 71 and target price of Rs 90.

Indian Oil Corporation (Rs 438.75): The share price remained range bound last week. This has not negated the view of a rally to the Rs 480-500 range. Only a drop below Rs 395 would invalidate the positive outlook. Remain invested with a stop loss at Rs 395. Fresh buying may be avoided for the time being.

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