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Bluechips to watch

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  #11  
Old 3rd May 2005, 04:16 PM
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Default Re: Bluechips to watch

Wait till the market bottoms out and invest in idustry whose cyclical and other aspects can be studied and understood by the investors himself .Entry and exit right time is beauty of stock market. Everyday is not sunday.

with regards
Nksagar
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  #12  
Old 3rd May 2005, 07:55 PM
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Default Re: Bluechips to watch

Guys could any one suggest wether investing in any bank stocks at this level makes sense or not. considering the recent fall in the bank stocks and the fundamentals and their valuations.. investing in certain bank stocks makes sense. i feel bank of baroda, union bank, federal bank are a good buy at the current level. though am not good at technicals. can some one suggest anything on this.
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  #13  
Old 3rd May 2005, 10:52 PM
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Default Re: Bluechips to watch

All three banks u have named are goodshares but as market is intermediary bottoming out
the more u fish ar the lowest rates as per the valuation Viz simply goo for Book value of the shares and PE of the script would lend u more confidence .Fed Bank with low equity base appears better .as its history rewarding liberal bonus as given last yr.Bank stocks are presently little overvalued.
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  #14  
Old 4th May 2005, 01:20 PM
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Default Re: Bluechips to watch

heyy y fogot TCS...its gonna pay good in long term,,
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  #15  
Old 8th May 2005, 01:49 AM
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Default Re: Bluechips to watch

Hello sujarof

The recent results of ACC is quite impresive and its growth in net profits 48% if i am correct.. the ACC being leader in its trade can help in infusing confidence and rally in market.similar is with ONGC/
with regards,
ursnks.
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  #16  
Old 8th May 2005, 09:05 PM
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Default Re: Bluechips to watch

Hi mayurdharod, I do not think that this is the right time to invest in banking shares. currently stocks of all the banks are on all time high due to specualtion investing. All the banks offering IPO at these prices are not worth investing Allahabad Bank, PNB, Dena bank to quote some. These banks deliberately timed their IPO on the current high to get most of the initial price. Now all of them trade well below their offer price. I think same is true with other bank stocks.
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