Friday, August 03, 2007
Indian stock market update 04 August 2007
Of course, one thing that can never be said enough is the need to be very careful about tips. Investing in speculative stocks is risky if you are not paying regular attention. Further, if enough profit has been made in a stock and you feel that based on fundamentals, it has reached where you wanted to, take the profit out. Invest it in FD's, MF's, or even for things such as increasing insurance on you. Don't let greed overtake you.
I have a smattering of some stocks that have not get mauled too much in the recent carnage, and this makes me want to buy more of such stocks, these stocks being: Adhunik Metaliks Limited, Ashiana Housing, Hindustan Constructions, Ion Exchange, JMC Projects, KLG Systel, Reliance Petroleum, Walchandnagar Industries.
I am still a believer in the Indian growth story, but need to watch what is happening in global indices. If liquidity comes under strain, the effect will also be on the Indian market.
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