Wednesday, 10 October 2007


Some market experts have given a target of Rs 2300 for Infosys. What becomes of this stock in the short term will become clear tomorrow when Infosys comes out with its quarterly results. Technology sector is looking quite positive in general, more so becase almost all of them had hit their 52 week lows. I personally like Satyam quite a lot. It has risen quite smartly from almost Rs 300 levels a few days back to Rs 370 today. BTW, I had given a tip for Satyam ... :-)

Reliance Petroleum

Anil Manghnani hold the view that Reliance Petroleum can touch Rs 189 if it goes above Rs 176. This does not come as a surprise to me considering the pace at which Reliance stocks have been moving in the very recent past. Reliance Energy touched its 52 week high again (no surprise there again!) at Rs 1624 on reports that its subsidiary Reliance Energy Transmission has bagged a project worth Rs 2000 cr. Anybody investing in stock market should at least have one Reliance stock in their portfolio otherwise its not worth it!!

Stock Tips: 3i Infotech

Stock market trading tip: 3i Infotech is a very good stock investment option in the mid-cap IT space. They have very good growth prospects. The financial year 2008 guidance is at Rs 1000-1100 cr in revenues which means 53-68% yoy growth and profits of Rs 145-155 cr i.e 39-48% yoy growth.

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.