Sunday, February 25, 2007

 

Stock update 25 Feb 2007

The market has been going down and down for the past 1 week, and not is well below the 14k mark. It is not so low that a couple of days exubearance will not bring it back up, but there is a high degree of uncertainity in the market. People are mostly waiting on the sidelines, although there was one statistic that I saw which claimed that MF's and FII's are not selling, but they can take a decision anytime and no retail investor will be able to catch up with the speed their decisions.

A lot of retail investors would be wondering as to why they did not sell last week, before this drop happened. And as it so happens, even if the market drops by 5%, mid-caps will drop by more than 20-30% since they get impacted more at any selling impulse. At this point, there is a lot of pressure on realty stocks, as the rate hikes and statements by the Reserve Bank about an inflated property market are taking their toll. Is this temporary ? I would think realty will continue to increase again, and so next week, may take a look at some of the realty stocks such as Ansal Housing, Ashiana Housing, Unitech, Parsvnath, Mahindra Gesco, Peninsula, etc.

Some of the (few) stocks that I am currently tracking:

1. Bharti Airtel: Rs. 750
2. Allianz Securities: Rs. 60.60
3. Era Constructions: Rs. 382
4. Walchandnagar Industries: Rs. 1529
5. TRF: Rs. 519
6. Nucleus Software: Rs. 1107

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