The past two weeks has seen some great seesaw. From highs of 5100 it went down to 4500 and then again we are now at 4800. 4500 gave a great opportunity to buy good stocks which would fetch handsome returns in future.
Suzlon energy got beaten down to 53. I bought some stocks on dips on two lots, at 54 and at 63.
Similarly reliance power got hammered, I bought some at 143. Wait till Dadri plant goes live in 2011 or 2012 it would go and reach 400. If you can keep it for for 5 years it will give multibagger kind of result. Compare it with Tata Power and you will understand what I am referring to.
I am again saying Satyam is a great story in making. Get it before the results are declared in Jul, there is still some time, but then you may not find it at 100Rs for long. It will catch with the big boys once the audited accounts are out. It recently got 300M deal, along with that its order book will continue to grow, it will not fall.
I booked profits in HOCL and partial profits in JK tyres. Moved the proceeds to suzlon, reliance power and satyam.
One trader stock which I would recommend for strong heart people is deccan gold. I have bought it at multiple price. They are in exploration and production of gold. With gold prices going up like anything, this thing will fly. The only stumbling block, which is huge one, is govt. It is taking long time to form mining policy and hence it is taking long time for deccan gold to start mining golds from couple of areas where they have found gold. Hopefully, this winter session the mining policy gets frozen. If that happens this would easily reach 50 to 60 Rs. It is currently quoting at 39Rs. Though this is a braveheart stock, I will put it in the list of stock tips portfolio. So, if you are ready to gamble a little, go ahead with deccan gold. If you are conservative in nature then please stay away from it.
Another trader stock is Quintegra Solution. Currently quoting at 8.95. I would wait till it goes to 6 before plunging in. It oscillates from 6 to 15 Rs range and can give quick returns in short span of time. Again this is extremely risky stock so depending on your appetite you can take your decision. I made some little money in this stock in 2 months time when I bought at 7 and sold around 14 some months ago.
Disclaimer: Please do your due diligence before buying any stock.
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