Wednesday, 3 October 2007

Markets Today

Today has been quite a dramatic day for the markets. Markets opened on highly positive note and almost touched 18K levels and then suddenly nose dived, going below 17200 levels. It then peaked again and finally closed at 17873.41. Sensex is surely heading towards 18K but with huge amounts of volatility. Next few days are certainly going to be very interesting!!!

Mastek

Mastek touched day high of 325 today, up Rs 31 i.e. 10% from its yesterday's closing price.

Tuesday, 2 October 2007

Stock Tips: Buy Mastek

Mastek Ltd is in the process of a major restructuring exercise. This is in order to bring their costs in control and, if all their plans fit together, is due to take off in a big way. I think this is a good time to invest in this stock.

CMP: 291

Apply for Maytas Infra IPO??

The general view is that this issue is expensive. As per S P Tulsian, it is better to avoid this IPO. But experts also agree that it is a good bet for long term investment. So don’t expect fireworks on listing!!

Power Grid Corporation

BSE Script Code: 532898
NSE Symbol: POWERGRID

IPO Listing Date: Friday, October 5, 2007
Issue Price: Rs 52/-

This is expected to list around 75-80 and above.

Monday, 1 October 2007

Chennai gearing for one of its biggest land deal

Stocks dip at quarter's end

Watch this video on how US stocks and economy is doing.

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.