Wednesday, April 25, 2007
India Stock Market Update 25 April 2007
With the Reserve Bank indicating loosening on controls on the sub-20 lakh loans, the realty companies and housing finance companies are back on a good roll, with their stock prices increasing in the past few days.
With all this, and with the sensex on a high, there is a need for caution. There will be an increasing tendency to do profit-taking, which could cause the same amount of volatility as we have seen in the past. This was on display even today, when the sensex was initially negative, but then closed in the positive.
Stocks that I am currently tracking:
1. Reliance Industries: Rs. 1600
2. IFCI: Rs. 39
3. Atlas Copco: Rs. 678
4. Infosys Tech: Rs. 2022
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