Indian bourses are finally seen returning to the fundamentals after the the madness of the past few weeks. The writing on the wall was clear, as I had been writing on this blog. Finally, law of gravity has caught up with the blue eyed boy of the markets: RIL, after the announcement of its Q3 results. The sensex climb beyond 21,000 was led by only a few stocks led by RIL which zoomed from 2700 to 3250 in the last 3 weeks. The stock may be headed back to 2700-2800 levels for now. Those of you who had been sitting on cash can utilise the current decline in the markets to buy your favourite stocks which you had missed out earlier.
But, remember, and I repeat, it's not going to be easy for anyone to make easy money on the markets in 2008. Here are a few sectors/ scrips, which have been battered in the recent decline, but hold a great promise for the future:
AUTO/ AUTO anciliaries: Auto sector has showcased its future plans in the recently concluded Auto Expo at Delhi.
Tata motors may have stolen the thunder by the launch of "NANO", but there are other players which hold a lot of promise. India is seen as an emerging destination for world's small car manufacturing. Commercial vehicle sector is set to launch several new models to cater to the world markets. Buying can be considered in these scrips for decent gains: MARUTI-SUZUKI (Rs.867), M&M (Rs.752), ASHOK LEYLAND (Rs.48), APPOLO TYRES (Rs.56), BHARAT FORGE (Rs.367), CLUTCH AUTO (Rs.109).
MEDIA/ ENTERTAINMENT industry: The ad. revenue for print as well as electronic media is expected to grow at CAGR of 25% and more in the coming years. This augers well for the existing established players, whose profitability is likely to record handsome gains. Buying may be considered in the following scrips:
Electronic Media: ZEE ENTERTAINMENT (Rs.301), TV-18 of CNBC fame (Rs.451),
Print Media: HT MEDIA (Rs.236), DECCAN CHRONICLE (Rs.220),
DTH Services: DISH TV (Rs.87),
Film Exhibition: PVR (Rs.302), PYRAMID SYMIRA THEATRE-PSTL (Rs.451).
Some more sectors will be discussed tomorrow.
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2 comments:
great! your analysis was spot on.
infact sanity has returned to the markets, but it should not become a nightmare for investors.
Vivek,
Your advices are worth following for atleast new enterants. Great, keep it up...
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