STOCKS IN THE NEWS FOR THE WEEK AHEAD

* Elecon Engineering is finally scouting for strategic partnership to raise Rs.150-200 crore. Scrip may attract attention once the deal is done. 

* Kobe Steel, Japan, will invest Rs.30 crore in Man Industries to acquire over 3% stake at Rs.165 per share under strategic partnership. Hold on to your position

 * Don’t get tempted to buy Muthoot Finance or Manappuram Finance. Scrips may see further correction before they stabilize on account of new RBI regulations for gold loans 

* 3i Infotech has got the approval for corporate debt restructuring. This will save the company from a financial crisis to a great extent. Hold on as the scrip may see some upside in coming weeks

* Some IT analysts are extremely bullish on Zensar Technologies, which is expected to post an EPS of Rs.40 in FY12 and take its share price to Rs.240 in the medium-to-short-term. 

* Knowledgeable sources, aver that IFB Agro is likely to register an EPS of Rs.45 in FY12. A reasonable P/E of 8 will take its share price to Rs.360 in the medium-term. 

* Hyderabad Industries is likely to post an EPS of Rs.70 in FY12. With a book value set to touch Rs.450, it may even announce a liberal bonus.

 * With a likely EPS of Rs.18 in FY12 and Rs.22-24 in FY13 post expansion, Pitti Laminations is an excellent buy. The share is poised to touch Rs.100 in the medium-to-short-term. 

* KNR Constructions can be bought at the current level with a target price of Rs.175 in the medium-term.

 * Persons close to the management are quietly buying the shares of Torrent Cables. The share is expected to touch Rs.150 in the next 6 months.

 * MBL Infra is likely to post an EPS of Rs.35-38 in FY12. The counter is likely to see strong investment buying. 

* Ashok Leyland, recommended  since Rs.24, is now recommended by Jefries, a global investment bank, for a target price of Rs.35.