Sell software stocks. Infosys is worried about spreading of ban on outsourcing to other europeon countries following suit of USA
Buy East India Hotels: Rs.140/-. Target Rs.160/-
EIH will be coming out with rights offer soon.For this special AGM is called on 23.9.2010. The rights may be between Rs. 80 to Rs.100/-.
Sell Bank stocks: Overvalued and it will crack quickly on any flimsy news.
Buy : Nifty put 5900: There is chance of market going down from Thursday
Buy : currency Oct 2010 Rs. 45.95 There is a chance of depreciation of rupee as stock market is expected to fall to some extent by 200 points.
Buy: Visa steel (Rs.39.50): good steel stock. It is a candidate for take over slowly by steel barons like mittals . It is a profit giving and growth oriented share. Due to huge capital outgo in building up production of various steel products , its debt is high. But due to increased sales, increased demand and increased price, it can shine. It is a golden share according to me. Stainless steel production also in the cards soon. Targe Rs.50 within 6 months and Rs.70 within a year if the present demand for steel keeps up globally. Borosteel also will help to boost its profitability.
Cement stock: Buy Binani cement:(Rs.80) Target Rs.88/-
Due to hardening of cement price and also reduction of equity capital due to buy back and also PE ratio to the revised equity capital is lowest among cement stocks, this needs attention of equity shareholders.
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