Things seem very good when they are going as per plan. A minor deviation from certainty sends chills down the spine. This is obvious in the hue and cry about Sensex hitting sub 13K levels. All of a sudden you find people turning towards gilt funds and gold. In the past 2 days in have received 18 SMS on day calls from different brokers asking me to short the market. A report from a leading brokerage house in India mentioned markets being investor unfriendly right now and suggested opting for GETFs (Gold Exchange Traded Funds). What’s wrong? Isn’t the Bull stampeding anymore? This approach to investment ticks me off. Look at the bright side. All the overvalued IT and Real Estate stocks running on steroids are six feet under right now. These are cherry picking where stocks have corrected by as much as 40% and these are stocks that are fundamentally sound. If you can buy Wipro for Rs 500 then what makes you stop when you are getting it at Rs 370 with the same fundamentals. I believe in the long term prospects of the markets so I see the following cherry pickings:
1. Container Corporation
2. Opto Circuits
3. Phoenix Mills
4. Sesa Goa
2 comments:
Sesa Goa has always been a safe bet.
Yes...it is a good pick but will tend to consolidate after this quarters results..
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