Even on a conservative basis, full year EPS of Pratibha Industries (Rs.52.90) is likely to be around Rs.18/20. The stock is available at half its book value of Rs.110 while 52-week high is Rs.470. Investors can take small exposure at the current level.

JMC Project’s (Rs.66.70) book value is around Rs.81. Its 52-week high is Rs.559 and at the current price is around Rs.57, it looks attractive as current year EPS is likely to be around Rs.16/17 on a conservative basis.

First Leasing Company (Rs.29.25) grows assets in excess of Rs.100 cr. annually. Its risk asset portfolio clients include some of the world's largest multinationals and Indian giants. Thus its 'Receivables' are in excellent hands.

With an expected EPS of around Rs.13/15 for FY09, the stock is attractive at Rs.29, which is almost one third its book value. Dividend yield also works out to be around 7.7% at CMP. Investors can accumulate this stock as a safe investment bet.

Stocks to keep watch for buying on dips are Fortis Healthcare (Rs.62), GSFC (Rs.68.75), Karnataka Bank (Rs.77.60).

Sugar sector: South based sugar companies are likely to come out with better results like Andhra Sugars (Rs.67.55), Bannari Amman Sugars (Rs.630.10), Rajshree Sugar (Rs.40.50) to name a few. Shree Renuka Sugars (Rs.62.05) is also expected to report good results. Stay invested in this sector.

Indian Overseas Bank (Rs.68.75) looks attractive at current levels as it is available at almost 35% discount to its book value of around Rs.86 as on 31 March 2008, which may go up to Rs.100 by March 2009. The company has already reported an EPS of around Rs.11.5 for H1FY09 and FY09 EPS is likely to be around Rs.18/22 level on a conservative basis. Thus the stock is available around a P/E ratio of 3. Dividend yield, too, is attractive as last year’s dividend was 35%.

GNFC (Rs.53.35) is one of the best defensive stocks, which investors can buy on dips. The company paid a dividend of about 42.5% for the last three years. The company is likely to report full year EPS around Rs.17/20 for FY09, book value of its stock is around Rs.120 and it looks attractive for investment around Rs.50/52 levels for good long-term growth.

Federal Bank Ltd. (Code: 500469) (Rs.138.80)At the CMP of Rs.139, the share is trading at a P/BV of 0.5 on FY09 estimated results and a P/E of 5.2. The share is recommended with a target price of Rs.175 in the medium-term. The 52-week high/low of the share has been Rs.366/113.

CORE Projects & Technologies Ltd : For H1FY09, its net sales jumped 59.41% to Rs.153.81 cr. while net profit jumped 52.95% to Rs.30.07 cr. and the EPS was Rs.3.55 on the face value of Rs.2 per share. At the current level, the stock is trading at a P/E ratio of 9. Three months ago, the stock was traded around Rs.275-300 level but in October 2008 due to huge selling by some HNIs or promoters, the stock suddenly slid down to Rs.34. Now the stock is trading around Rs.47 level. Buy in panic at every lower level with a stop loss of Rs.34. On the upper side, the stock may go up to Rs.73 level in less than 6 months and up to Rs.90 level in less than one year.