Stocks I have close watch on: what do you all think?

#1
I have been looking to buy some good equities while the markets are low. I am somewhat concerned though, with the global economies slowing down, will the Indian markets fall further?
I am planning to wait till thursday's FED....before deciding.

Anyway, these are stocks, all for med-long term:

1. Tata Steel: with steel industry facing problems, I don't know what will happen.... but soon, we should all know. I think it may fall to 200 soon. And it seems good investment.

2. Tata Motors: has also fallen since mid-august. Hope it climbs well

3. ONGC: It's very low PE indeed, like others on my list. But it is available at a mouth-watering price. Plus the deal with Russia is doing good for ONGC I am concerned over crude prices though. Some say it will fall down to $20 per barrel! So I'm waiting at least a week

4. Cairn India: tumbling like anything. Again seems a good buy in next few days

5. GAIL: same as cairn

6. RIL: analysts say BUY for long term. I'm worried over oil prices here as well though.

All these stocks are having low PE ratio. What I'm doing now is waiting and watching markets and these stocks closely, while also gathering information about them before I decide what to buy and what not to buy.

I'd like your opinions on these.... or even any similar low PE ratio equities.
 
#2
cairn looks very dicey to me, i would stay away

ongc i would avoid till us fed starts raising rates and oil climbs above 60

i like doing sip in banknifty , averaging does wonders here
 
#7
i am following gail since last 2 months, and even started trading with gail shares, i have one thread in beginner section with my queries, and take my noob words, it will touch 300 point in first week of oct.
 

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