Struggle to make money from stocks: India Stock Market Update 20 April 2007

Struggle to make money from stocks

Been through many crashes in the Indian market (Crash in September 2005, crash in May 2006, crash in Feb-March 2007, the bad crash starting in January 2008, the current 2018 midcap and smallcap downturn). Still looking for the magic touch that will turn my money into the first 10 million. Any tips that I post will typically not be mine, but picked up from somewhere (hopefully with some accuracy), hence have fun if you make money; if you lose, then that is the name of the equity game.

Friday, April 20, 2007

India Stock Market Update 20 April 2007

So the market seems to be a on roll now. Inflation has declined which makes people hope that credit squeeze days are gone, although I am not so sure. The RBI may decide to keep rates up till it gets a definite signal that inflation has been down for some time.
So this week has been mostly up, except for a decline on one day. The rise has been mostly lead by Reliance Industries which continues to look like the stock that all long-hold buyers should have in their portfolio, capable of returning good growth.
Another eagerly awaited metric was unveiled this week. The monsoon is depicted to be around 95% normal, which is good news for the market, since it means that there will be money available with rural consumers for purchases, and the rural segment is now seen as a sizeable portion of the market for a large number of products.
Some stocks that I am tracking:
1. JMC Projects - Rs. 233
2. India Bulls Real Estate - Rs. 303
3. Ashianna Housing - Rs. 285
4. Nirlon - Rs. 69 (more risky)
5. Era Constructions - Rs. 356

Labels: Equity, India, Stock