Markets can take stocks where ever they want during a crash/boom .
During boom it is difficult to think to sell @ the top,
In a crash its even tougher to buy @ a low.
After along time, i finally feel the pain may be out from Market, and the markets have seemed to have reach a bottom.
Although there are US ression worries/Indian growth slowing, Political problems and stuff.
I think a lot of it is discounted now.
So thus im giving The final buy calls on some of the safest stocks @ current market prices.
1)Jhunjunwala Vanaspati @ 75- Trading @ a PE of 2 :O
2)Asian Oilfield Services @ 121 [although it wont give good results in the next quarter]
3)Rohit Ferro-Tech Ltd. @ 60 - Trading @ P.E of 3 !
4)Zen technology @ 118, - Alloted to rakesh jhunjunwala @ 135 :O
5)Pioneer Distilleries Ltd. @ 55
6)Jindal Photo @ 126 - Carbon credits ? (unsure) still a P.E of 3
1)Jhunjunwala Vanaspati @ 150 -
100% returns
2)Asian Oilfield Services @ 185 -
50% returns
3)Rohit Ferro-Tech Ltd. @ 180 -
200% returns
4)Zen technology @ 160 - 33% returns
5)Pioneer Distilleries Ltd. @ 75 - 35% returns
6)Jindal Photo @ 160 - 30% returns
Recco was Given on 24th march when market was 4600.
On 30th May, after almost 2 months market is @ 4900 ie a return of 6.5% where as if my reccoed stocks were held till today, they have
given an average return of 75%
Cheers