Ashwani Gujral is of the view that there will be no deep correction in the markets. This is a “pause” and markets are moving in a range. Each dip in the market is couple with aggressive buying. So there is nothing to suggest that markets are heading for heavy corrections.
Friday, 5 October 2007
IFCI
IFCI has corrected quite a bit in the last few trading sessions and i think 90 and below is a very good price to enter this stock.
CMP: 88.65
Power Grid: Good stock for Long term
PN Vijay, Portfolio Manager believes that Power Grid is a good stock for long term investors. Even at the current price of over Rs 100 he recommends a hold.
Listing of Power Grid Corporation
As I had said before that Power grid was expected to list around Rs 80 and above, it opened today at Rs 85!!! Currently it is quoting at about Rs 104.95.
Power Grid Corp. handles about 45% of power generation in India, making it the largest central transmission utility.
Thursday, 4 October 2007
CESC
Ashwani Gujral has given a buy tip for this stock today. He has recommended a target of Rs 625 with a stop loss of Rs 490.
There has been a block deal of this stock on BSE - 10 lakh shares at Rs 578 per share. It is currently quoting at Rs 557.95, 3.11% higher than yesterday's closing price. It had jumped by about 6.5% in yesterday's rally.
Suzlon Energy
Suzlon Energy is quoting at its 52-week high of Rs 1636 right now at 13:19. This is on account of the news yesterday which was reported on this blog.
New Fund Offer (NFO)
Tata Indo Global Infrastructure Fund - a NFO from the house of Tatas is open for subscription. It is a 3 years close ended equity scheme, which will be converted to open-ended scheme after maturity. This looks like a good investment option as the currently running Tata Infrastructure fund is doing pretty well and they have experience in this sector.
The offer closes on 16th October 2007.
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