Bank of India has announced that the bank will raise money through Qualified Institutional Placement (QIP) of shares to meet credit requirement ahead of Basel II implementation.

Technical Analyst Hitendra Vasudeo (stockmechanics.com) has suggested to buy Shipping Corporation of India to be sold on Monday (31 Dec).

The delivery call has been given as the stock has performed well from last few weeks.

Mr. Vasudeo has suggested investors to buy the stock above Rs 282 with a strict stop loss of Rs 244 for achieving a target between Rs 355- 473.

Today the stock has gained above 9.84% at Rs 284 up till now (12:40 pm), and it is expected to touch this level in the said time period. The stock still has good potential.

Stock Market Analyst Hitendra Vasudeo of stockmechanics.com has suggested day traders to buy Sujana Towers stock to achieve a target of Rs 229. The traders should use Rs 197 as stop loss.

Presently (12:15 pm), Sujana Tower stock is trading 1.67% up at Rs 201 on BSE. There are full chances of an upside potential today. The stock has shown a decent rise in previous trading sessions, and a 52-week high of Rs 209.50 on BSE.

The Sujana Group will invest Rs 2.5 billion in a year to capture 10% of the total tower manufacturing market across the country.

Hitendra Vasudeo of stockmechanics.com has suggested investors to buy Tisco above Rs 905 to achieve an intraday target of Rs 918.

Today, Tisco stock opened at Rs. 900, after the previous close of Rs. 892.75 at BSE. Presently (12:02 pm), the stock is trading 0.36% up at Rs. 896 on BSE.

The stock opened at Rs. 906, after the previous close of Rs. 892.80 at NSE. At present, the stock is trading 0.53% up at Rs. 897.55 at NSE.

The investors are suggested not to sell this stock before achieving this target.

Stock market analysts have suggested a ‘Buy’ on GMR Infrastructure to achieve an intr