Aug 6, 2007

Stock Pick's --- LONG TERM ... 08/08/07

Markets have corrected over a 1000 + points on the back of falling global markets.This sell off has created buying opportunities for long term investors to buy frontline stock which are available at their lows of the year.

Large Caps :

Wipro technologies : ( Accumulate ) -- Buy

It has been a very steady performer in the market over the year.The company has bought over many companies in the last fiscal year & is doing the same this year as well this will help wipro in long term to maintain its margins & also adding in new clients & technology in areas were it has no presence.

Jindal steel & power : ( Out performer ) -- Buy

JSPL is one of the best managed companies in india today.It is part of the jindal group led my Mr.Navin jindal,congress MP from north india.The stock has out performed the sensex & sector by a huge margin over past 2 year since the big fall 2 year ago.The stock rose from 1100+ levels to 4000+ with results being the mainly postive throughout.It acquired a company overseas to expanyd its operation.JSPL also has a significant presence in the power sector as well.

ITC : ( Under performer ) -- Buy

ITC has been one of the under performing stock over the last year in the markets & has consolidated for a long time.The main reason for this being the Vat Implementation on the cigarette business buy the government.The company gave a superb result in the previous quarter.ITC has is a very diversified company with persence in hotels,paper,Fmcg & apperals business Resp.ITC has forayed in food & snacks business with its Brand " BINGO " this will help increase its volumes in coming quarters.

Ongc : ( Market Performer ) -- Buy

Ongc is the highest profit making PSU owned by Govt. of india.This stock has been steady from past many months and will surly out perform in coming months.The company has been busy acquiring oil fields & companies overseas through its Company OVL.They have also entered into a partnership with steel giant L.N.MITTAL to explore business overseas as well.

Other Stock Pick's on Decline :

Larsen & tubro
Tcs -- Target -- 1250 +
Hindalco Inds

Northgate Tech
Aditya Birla Nuvo

Great Offshore -- Target -- 1100 + ( Medium term Hold )
Bank Of Baroda
Maruti -- ( Superb Results can be Expected )
India Infoline
Hercules Hoists -- ( MultiBagger stock of the year 2007 )


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