I am recommending following stocks to buy currently.
Wockhartd - looks attractive at this price. Worst seems to be over for the stock and it is working to get FDA approval for the banned plants. That should be resolved within couple of quarters now. Currently quoting 464.15.
Shilpa Medicare - This is going to become a big player has good product pipeline should accumulate it as the volume is low and not many major players are involved. Can easily reach 750+ by 2015/16. Currently quoting at 239.
BHEL - Open a small position as chances of having NDA looks better, if it were to be true all PSU would shoot up and BHEL would be front runner, can go to previous highs of 450+, currently quoting at 133.
I also diversified my holding in IFCI and Yes bank to Rel cap, Shriram Transport, LIC housing finance. They are running for banking license. Assuming one of them gets the license they will surely go up and make up for losses if any in others. If all get licenses then profit margin can be higher. Assuming another year for getting the license, each one of them barring Reliance Cap can double from current price. Relcap is already at higher PE so might not appreciate that much.
Wockhartd - looks attractive at this price. Worst seems to be over for the stock and it is working to get FDA approval for the banned plants. That should be resolved within couple of quarters now. Currently quoting 464.15.
Shilpa Medicare - This is going to become a big player has good product pipeline should accumulate it as the volume is low and not many major players are involved. Can easily reach 750+ by 2015/16. Currently quoting at 239.
BHEL - Open a small position as chances of having NDA looks better, if it were to be true all PSU would shoot up and BHEL would be front runner, can go to previous highs of 450+, currently quoting at 133.
I also diversified my holding in IFCI and Yes bank to Rel cap, Shriram Transport, LIC housing finance. They are running for banking license. Assuming one of them gets the license they will surely go up and make up for losses if any in others. If all get licenses then profit margin can be higher. Assuming another year for getting the license, each one of them barring Reliance Cap can double from current price. Relcap is already at higher PE so might not appreciate that much.
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