The 9th Auto Expo 2008 is going to feature the launch of the Tata's Rs. 1 lakh car! Expectations and hype surrounding this car have been steadily building up and many people would be eager to see the final product which rolls out from the Tata stable!
However, I am too sleepy here! Either I'll doze off on my seat or I'm going to fall off it! So you all keep a sharp eye on the shares of Tata motors!! A good reception to the car will provide a likely boost to the company's shares!
Thursday, January 10, 2008
Tuesday, January 8, 2008
IT stocks ... Ding dong ding..
The optimism in the markets and the ongoing bull run has certainly shirked the IT stocks this time around.. The entire IT sector has underperformed in the current rally and it won't surprise me one single bit if we witness a sharp rally in the prices of the IT stocks, especially with the earnings season just round the corner..
The third quarter earnings will be kicked off by Infosys on Jan 11.. As an investor, my gut feeling is that now is the time to buy into these stocks.. All the major stocks - Infosys, Wipro, Satyam, TCS - are trading at a P/E multiple of 24-26x FY06earnings.. This is a sharp discount to the P/E ratio which these stocks were commanding six-seven months earlier.. The companies are also supposed to report strong third quarter results which should aid their recovery in the times to come.. Also, as the rupee strengthens and the economic scenario in the U.S. recovers, these stocks will improve further, giving a good return to the investors..
I would advise accumulating positions in Infosys and Wipro at the current levels.. TCS as well, and may be Zensar Technologies.. Zensar is an interesting IT firm with a market cap of around RS. 430 cr.. It is trading at a P/E of only 18x its FY06 earnings.. I currently do not have any rating assigned to this stock, will let you all know more if I find the stock worth investing into!!
'Til then, have a great time and enjoy the SenseXXXational Ride!! ;-)
The third quarter earnings will be kicked off by Infosys on Jan 11.. As an investor, my gut feeling is that now is the time to buy into these stocks.. All the major stocks - Infosys, Wipro, Satyam, TCS - are trading at a P/E multiple of 24-26x FY06earnings.. This is a sharp discount to the P/E ratio which these stocks were commanding six-seven months earlier.. The companies are also supposed to report strong third quarter results which should aid their recovery in the times to come.. Also, as the rupee strengthens and the economic scenario in the U.S. recovers, these stocks will improve further, giving a good return to the investors..
I would advise accumulating positions in Infosys and Wipro at the current levels.. TCS as well, and may be Zensar Technologies.. Zensar is an interesting IT firm with a market cap of around RS. 430 cr.. It is trading at a P/E of only 18x its FY06 earnings.. I currently do not have any rating assigned to this stock, will let you all know more if I find the stock worth investing into!!
'Til then, have a great time and enjoy the SenseXXXational Ride!! ;-)
21k - Touched but not breached!!
First month of a new year and yet another milestone has been breached! Err, I guess it would be more correct and prudent to say that upon kissing the 21k mark, the Sensex got a bit jittery in the knees.. But ladies and gentlemen, rest assured, the market has regained its senses and is again raring to touch the sky!
If the numerous reports from various qualified "gurus" are to be believed, then the Indian growth story is still intact! & what's more, we are developing an immunity to the worries in the U.S. The Sensex seems to be shrugging off the external tensions, the worries, the market crashes - It seems intent on scripting its own story, breaking free of the shackles.. no more is the sensex paying heed to global cues; may the world market be damned, the sensex has enough steam left to touch the skies!
Oh well, I guess enough eulogy and enough optimism exhibited! I'm happy to see RCOM going the way it is.. Good to see Bharti also going up. It certainly is an underpriced, highly volatile stock.. Noticed that good intra-day profits are there for the taking in Airtel as well as IndiaBulls financial services and Asian paints..
Anyways, don't have any stock tips to offer today! I'll only advise people to be on their feet, don't let your greed get the better of you.. The market is in an unchartered territory - All optimists are welcome to ride the market and as for pessimists, oh well, book your profits and go home buddies!! Let the adventurers enjoy this SenseXXXational Ride!!!!
If the numerous reports from various qualified "gurus" are to be believed, then the Indian growth story is still intact! & what's more, we are developing an immunity to the worries in the U.S. The Sensex seems to be shrugging off the external tensions, the worries, the market crashes - It seems intent on scripting its own story, breaking free of the shackles.. no more is the sensex paying heed to global cues; may the world market be damned, the sensex has enough steam left to touch the skies!
Oh well, I guess enough eulogy and enough optimism exhibited! I'm happy to see RCOM going the way it is.. Good to see Bharti also going up. It certainly is an underpriced, highly volatile stock.. Noticed that good intra-day profits are there for the taking in Airtel as well as IndiaBulls financial services and Asian paints..
Anyways, don't have any stock tips to offer today! I'll only advise people to be on their feet, don't let your greed get the better of you.. The market is in an unchartered territory - All optimists are welcome to ride the market and as for pessimists, oh well, book your profits and go home buddies!! Let the adventurers enjoy this SenseXXXational Ride!!!!
Thursday, January 3, 2008
A sense of direction in the new year!!
Welcome all to my first post of the year 2008! The start of the year has left me very happy and smiling from ear to ear! Not only has the stock market displayed some great resilience in maintaining the 20k+ levels, the market also seems ready to move up and cross the 22,500 levels..
Ok, ok, so I guess my initial estimate of the Sensex touching 21.5k levels hasn't been reached yet and here I'm, already taking a shot at the heights the sensex can achieve in the New Year! The growth in the markets this year is expected to be more moderate and one driven by earnings and newsflow! Investors will be looking to take their cues from the third-quarter earnings which will soon be announced, beginning with the IT heavyweight's, Infosys', earnings on Jan 11.
The current pricing of the IT stocks looks very attractive; I would advise building positions in Infosys, TCS and Wipro before the earning season kicks off! The IT stocks were heavily discounted in 2007 and 2008 could just be the year when these stocks will outperform the broader market. A stabilizing rupee will do their fortunes no harm either.
Also, the auto stocks did not really shine in 2007. Again, I advise investment in Maruti and Tata Motors. Both the companies have a lot to offer and 2008 could be an exciting year not just for these 2 companies but the entire range of auto stocks in general!
Power stocks remain a long-term play; look to build positions in these stocks as they will zoom to unprecedented heights by 2010! Also, with the Government mulling a cut in the duty rates for oil comapnies, shares of ONGC and the other oil companies are set to benefit and have a mini run upwards in the near term.
For those intersted in mid-caps, check out Godavari Power, Parsvnath Developers and Srei Infrastructure Finance.. More on the markets later! It's time for me to get back to my work now!! Adieuuuu!!
Ok, ok, so I guess my initial estimate of the Sensex touching 21.5k levels hasn't been reached yet and here I'm, already taking a shot at the heights the sensex can achieve in the New Year! The growth in the markets this year is expected to be more moderate and one driven by earnings and newsflow! Investors will be looking to take their cues from the third-quarter earnings which will soon be announced, beginning with the IT heavyweight's, Infosys', earnings on Jan 11.
The current pricing of the IT stocks looks very attractive; I would advise building positions in Infosys, TCS and Wipro before the earning season kicks off! The IT stocks were heavily discounted in 2007 and 2008 could just be the year when these stocks will outperform the broader market. A stabilizing rupee will do their fortunes no harm either.
Also, the auto stocks did not really shine in 2007. Again, I advise investment in Maruti and Tata Motors. Both the companies have a lot to offer and 2008 could be an exciting year not just for these 2 companies but the entire range of auto stocks in general!
Power stocks remain a long-term play; look to build positions in these stocks as they will zoom to unprecedented heights by 2010! Also, with the Government mulling a cut in the duty rates for oil comapnies, shares of ONGC and the other oil companies are set to benefit and have a mini run upwards in the near term.
For those intersted in mid-caps, check out Godavari Power, Parsvnath Developers and Srei Infrastructure Finance.. More on the markets later! It's time for me to get back to my work now!! Adieuuuu!!
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