Technical analyst, Ashwani Gujral has suggested investors to buy Neyveli Lignite to achieve a target of Rs 150.

Neyveli lignite is a brilliant stock, and GOM has sanctioned mineral policy and all the stocks are attending gains.

Mr. Gujral suggests a stop loss of Rs 115. This is the best power stock and is undervalued. One can invest in this stock at these levels and get 50 percent returns within a period of next 3-4 months. Large investments have taken place in development and the company will gather the benefits of these from Q1 09 onwards.

Neyveli Lignite stock is up by over 6 percent today and is currently trading at 134.81.

Neyveli Lignite Corporation Ltd has also informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2007, inter alia, to sanction the unaudited financial results for the quarter ended September 30, 2007 (Q2).

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