Stock pick review

If you had invested in any of the stock picks recommended on 22 April 2009

Your 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.

A technical buy reco

Technical buy - Tech Mahindra

Buy rates : 620 -660

At a strong time tested support at 620-650 range the stock is in an excellent position to make a move towards the 1000 mark despite a 'disappointing' financial result in the latest quarter.

Some other positive factors

• A low PE ratio compared to the peers
• A reputed management
• Steadily growing business

Since the PE of the market is now over 25, a fundamental buy reco on this stock could be out of place. But still, from a technical point of view and for an individual who would risk a little downside for not missing a rally this could be a good pick.

A technical buy reco

Technical buy - Tech Mahindra

Buy rates : 620 -660

At a strong time tested support at 620-650 range the stock is in an excellent position to make a move towards the 1000 mark despite a 'disappointing' financial result in the latest quarter.

Some other positive factors

• A low PE ratio compared to the peers
• A reputed management
• Steadily growing business

Since the PE of the market is now over 25, a fundamental buy reco on this stock could be out of place. But still, from a technical point of view and for an individual who would risk a little downside for not missing a rally this could be a good pick.