Visa Steel (Rs.39.70)Target Rs.50/-
One Golden share in steel segment can be grabbed.Though it is debt ridden, it has good inherent value and growth. It is a profit giving company . Now in every quarter, the growth will be definitely high due to its growth plan and achievement. Increase in price of steel since this year start will help the company to improve its bottom.Any institution/FI/PEs can eye on this company slowly so that at throw away price, control can be achieved. It has applied fofor mining lease also and it will get mines once the new mining legislation is enacted. Grab this at this stage. Very soon stainless steel prodn also will be started.
Now Indian market is overheated. Investors advised to exercise caution.
Since on coming Friday, High court decision is going to come on Babri Masjid case, there may be chance of stock market coming down.
Sell software stocks as slowly other nations also started looking into options for banning outsourcing.
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