Comments on Current Stock Picks

Here is the updated consolidated list of stock picks and my comments on them

New Stock additions in December 2007 :

1. Idea Cellular : Buy aroudn 140 Levels for target of 200 in 3 months. Low valuation and good earnings expected. To be included in NIFTY from Dec 12th. Joint Tower Business with Bharti and other groups to give lot of savings.

My Old stock picks :

1.BAJAJ AUTO LTD
Demerger will create value for stock holders. My target is 4000 in 1 to 1.5 years. Already stock has run up from my recommended level in September but still target is intact.

2. BHEL :Good order book position. Can expect an appreciation of 50% in one year.Stock has appreciated well and target of 3000 is on cards.

Revised target is now 4000 in one year (by Dec 2008.)

3.DLF Limited :Target of 1100 in one year. Good stock to buy in Real estate. Based on Annual EPS of 40, it is quoting at 15 PE currently and is undervalued.We are close to this target and revised target for DLF should be 1400.

4.ICICI BANK LTD.One more good banking stock to pick in private sector. One can gain around 30% in one year time.I think it surpassed my target. It should gain another 30% from here in one year.

5. INFOSYS TECHNOLOGIES LTDTechnology stocks which were once darling of the markets have taken back seat now and are not finding any takers but I still believe Infosys will deliver decent returns even in adverse conditions. I expect a target of 2500 by March End.I still maintain my target .

Update :
There is a possibility that IT stocks may not do well in future due to rupee appreciation and we may see 35 levels in rupee. So only long term holders can continue to hold infy with 4 to 5 years vision. As suggested invest some of your profits only.


6. Reliance Communications LimitedGood stock to hold in portfolio. Expect a return of 40% in one year from current levels.Rel Comm has multiple triggers and next target is 1000 based on its subsidiaries listing in foreign exchanges.

We should see target of 1500 in one year from now.

7. RELIANCE INDUSTRIES LTDTarget of 2500 in one year. It will move with Sensex and retail story can fuel this upto 4000 in 2 years.One year target was achieved in one month now I expect 3200 target in next one year.

Update : Revised Target is 5000 by Dec 2008. Reliance Retail IPO will be out very soon. I expect target of 10000 in Reliance by 2010.

8. Reliance Petroleum LimitedRevised target for RPL is 250 in one year.

Update : Revised Target for Reliance is now 500 in one year.

9.PTC INDIA LIMITEDTarget of 125 in one year.It should now be 150 in one year

Revised target for PTC should now be 250 Rs.

10. Sun TV Network LimitedTarget of 450 in one year time. Has good potential in terms of revenues..

11. GMR Infrastructure Limited - My favorite pick.Hold this for 3 to 4 years to reap a multi fold bonanza in this. Target of 2000 in 2 years and 4000 in 4 years.My favorite pick only did not perform as well as it should but I still maintain my targets as it will catch up soon on any news. Hyderabad Airport will start one month ahead than expected start of march 2008.

Update : Post Stock split, GMR Infra target is 550 in one year.

12. IDBIGood banking stock with value unlocking to take place. Target of 175 in 6 Months time.Target revised to 250 in next 6 months.

13.STATE BANK OF INDIAValue Unlocking and lot of potential left in this. Target of 2500 in one year time.We should see target of 2500 in next 6 months.

Update : SBI should now move to 5000 in one year due to value unlocking in subsidaries.

14.RELIANCE CAPITAL LTDAnother good stock to buy. Stock has potential to give 50% returns in one year. If bank licence is obtained stock may give 100% returns in one year.It has moved up from 1000 levels to 1800. Revised target is 2500 in one year.

Update : Revised target achieved in another month. Now the target is 4000 in one year.

15. Powergrid Corporation :Target of 200 in one year. Buy at dips in correction phase around 90 levels.

16. Jai Prakash associates :Stock split from 10 Rs to 2 Rs approved by share holders. Buy for Target of 2000 in next one year from current levels of around 1275.


Speculative Stocks or Punters Favourites

1.IFCI LTD
IFCI has announced good Q2 results. Stock should be re rated and hence for long term it can go to 250 Rupees. Long term investors can stay put in this for next 1 year.For short term investors 120 to 15o Rs will be there in next 4 months.

Update : Hold till the bids are finalised and the price to be known. I expect it will be 150 Rs by this month end. Long term holders can hold on to free stocks as the value can be 300 in one year.

2.JAI CORP LIMITED :Stock split to 1 rs and bonus of 1:1 given which gave 20 shares for 1 share held.Target of 20000 already achieved instead of 10000 given on Sept5th and it is moving to 25000 now. ....This call is closed now...Hold on to your free shares....

3.NAGARJUNA FERTILIZERS LTDStake sale rumour making this stock move up fast. Target of 60 being predicted.Target achieved. Sources now suggest 100 Rs on this similar to IFCI.

4.TELEDATA INFORMATICS LTDStock keeps moving from 55 to 70.Keep track and buy. Target of 125 in one year if demerger takes placeTarget should be reached now as high court approval achieved. Wait for Re listing to happen which is likely to be around December 19th.

5. Arvind Mills :I had asked to buy around 55. Target of 70 is achieved. One can exit from this and remain only in zero cost shares now.I will keep adding more stocks to this list and the link will be shown in my market comments so that it will be easy to pick.