Stocks to watch out for in this bear market - 3

Sesa Goa:

India’s biggest non- state iron-ore exporter, Sesa Goa had posted excellent results for the quarter ended June 2008 on 22nd of this month. It’s the biggest advance in six months. Higher profits are on the account of higher sales of the steelmaking material and metallurgical coke.

The company said its net profit for the quarter rose to 6.3 billion rupees from 1.31 billion for the corresponding period a year earlier, while total revenue rose to 13.4 billion rupees from 5.3 billion rupees.

Earnings from iron ore in the quarter ended June rose 43 percent to $90 a ton and gains from coke, used to fire blast furnaces, doubled to $500 a ton.Sesa Goa can continue good growth rate as the global steel prices are soaring at the moment and it has very good market world wide. Read more

July 26, 2008 | Filed Under Stocks | Leave a Comment 

Stocks to watch out for in this bear market - 2

In recent times the company bagged few big orders. Larsen and Toubro is the emperor in Heavy Engineering and Construction business. Recently it got an order worth 10,470 million Rupees order from Indian Railways for setting up a Cast Steel Wheel Manufacturing plant in Saran (Chhapra) District of Bihar. The plant when commissioned will have the capacity to manufacture 100,000 Cast Steel Railroad Wheels per annum. It won the bid valued at Rs. 4,460 million (Rs. 446 crore) from M/s. JSW Power Transco Limited for evacuation of power from the 1,200 MW Power Project. Read more

July 11, 2008 | Filed Under Market Analysis | Leave a Comment 

Stocks to Watch out for in this Bear Market - 1

Yes, it’s a bear market, but the time for value investment. The stock prices of some good companies are coming down not on the account of their ability to generate profits in future but because of some global factors like oil prices and inflation.

This is not at all an end of Sensex. From here onwards every dip should be considered as a buying opportunity. Don’t put all your money at a time even if market falls 300 + points again. There is a possibility to go to the levels of 12,000. But we can buy at every dip as the down side risk is less.

Here are some good stocks to watch out for. Read more

July 4, 2008 | Filed Under Market Analysis | Leave a Comment 

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