Long time I have not posted anything as part of recommendation or updates on what I am buying/selling...
Well I have sold out my entire stake in Unitech at good profit of 70%, was hoping it would go higher. But with bad results and losses in telecom business it was not looking attractive. I am also keeping Suzlon on watch list to sell and move out.
The companies I feel look attractive buy right now are JP Associates, Punj Lloyd (have patience in this one) and Bharat Forge. I have around 20 to 25% of my portfolio in these cos and am increasing my position in them as and when I get some chance.
Also, I have opened some position in gold stocks, around 5% of my portfolio. I recommend putting a systematic investment plan in gold and keep holding for couple of years, it will give better returns for sure.
Also keep watching for deccan gold, mining policy is due this session and it can shoot up. I had recommended it at 40, it is now at 26. I have good position in the same around 5% of my portfolio. Expect this lambi race ka ghoda to go great guns when it starts mining (another 1 to 2 years out) but before mining it would be already accumulated and would have gone up. It can potentially give 100 to 500% returns in 2 to 3 years time frame.
So happy investing/trading or whatever...
what is the recommended target price for bharat forge?
ReplyDeletetarget price of bharat forget is 600 to 700 Rs in 2-3 years time frame. If order picks up it can go above that. It is another BHEL in making...with diversifying in auto/power equipment sector.
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