This section identifies investment opportunities in specific stocks traded in the Indian stock market. This is merely an attempt to draw the attention of an individual towards a particular scrip. Deciding the entry and exit points, capital allocation etc. is the responsibility of individual investors and should be done in accordance with the principles of investment he/she is following.
My recommendations for a 5 year term as on 22-04-09 (See the blog periodically for sell recommendations if any; other wise the buy is for a 5 year term)
1. LIC Housing finance
Any rate below 225 will be a good buy
Ideal average price: 180
2. IFCI
Any rate below 20.50 would be a good buy
Ideal average price : 17.50
3. Indian Overseas Bank
Try buying below 55.00; 45.oo can provide and ideal margin of safety
4. JSW steel
Buying below 240 would be a good price and the ideal average price will be 200.
The recent rally seems to be a bear market rally and the above buys could be made at dips.
If you had invested in any of the stock picks recommended on 22 April 2009
ReplyDeleteYour returns as of 06-12-09 would have been as follows against a market return of 53.41% during the same period
1. LIC housing finance - 183.19%
2. IFCI -114.19%
3. IOB - 78.79%
4. JSW steel - 224.3%
Recommendation for a 5 year hold modified - to initiate profit booking strategies at sensex levels around 20-21k.
If you had invested in any of the stock picks recommended on 22 April 2009
ReplyDeleteYour returns as on 30-09-10 would have been as follows against a market return of 79.9% during the same period
1. LIC housing finance - 384.7%
2. IFCI -146.5%
3. IOB - 103%
4. JSW steel - 322.5%
Recommendation for a 5 year hold modified - to initiate profit booking strategies at sensex levels around 20-21k.