Sunday, July 01, 2007
India Stock Market Update 02 July 2007
IFCI has been a good buy, having bought at 30 a few months back, and now has climbed to almost double that, with potential of going higher due to news of it planning to sell a stake at a higher price. Overall, market seems to be looking good, with good integration of Domestic and International Mutual Funds. On the policy side, the Government keeps on making right noises about reform, although whether we will see some good moves is uncertain, what with the left being a roadblock.
Looking to carefully evaluate cement stocks, they seem to be making a move upwards. Am also evaluating stocks that are 'green', that is, stocks that can make a benefit from the demands of overcoming global warming.
Stocks that I am currently tracking:
1. Yes Bank: Rs. 180
2. Praj Industries: Rs. 480
3. Reliance Industries: Rs. 1680
4. Reliance Petro: Rs. 114
5. Era Constructions: Rs. 395
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