The company has very high debt levels. One can enter at 58-59 levels with a target of 75 in 1 year. Switch to SpiceJet.The stock has strong support at 50-55 levels.

The stock has declined with the markets. There has been an 18 per cent increase in eps and a 19 per cent growth in topline. Hold with a short term target of 45 and one-year target of 55.The long term charts are positive but the minor and intermediate trend is jittery. Hold with a stop loss of 35 and a target of 60.

The company has not shown growth both in topline and bottomline. Sell at bounce near 59 levels. Switch to TCS.The stock is weak on the monthly charts. It has strong support at 50 and there are chances of a minor rally.

Shares of the company gained Rs 8.95, or 2.95%, to settle at Rs 311.90. It touched a high of Rs 314.50 and a low of Rs 303.60. The company was granted consent of Chhattisgarh Environment Conservation Board to operate 3rd FBC Boiler installed at the company`s Captive Power Plant to generate additional 20 MW power. At present it is a falling knife and unless the wild moves stabilize, it would be too risky to buy this stock. The stock has a book value of about 165 and a P/E of about 12.

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