Central Bank ... Results Updates....

Central bank has posted excellent result. It has posted a profit of 359% over the last year same quarter...

More of that here...

It continues to look promising and with majority of the NREGA to be doled out of central bank it is going to perform better and better in coming days...

It is a good long term bet with potential to be a mulitbagger...

Also attached is the portfolio of tips so far... with NRE zooming up it giving a good return over Nifty.

Gujarat NRE Coke

Gujarat NRE Coke is a great story in making. Its Mar 09 results saw their EPS go down to 2.5 from 5. This resulted in hammering of the stock from highs of 56 to 36 in the current market fall.

They have acquired 3 coal mines which will provide the coking coal required for its various coke plants. Their current capacity is around 1 million tonnes and they are building another plan in nellore, AP which will have another 1 million tonnes capacity... The current EPS does not factor in the 3 coal mines it has acquired.

On conservative estimate in 2011, its capacity should be 2 million tonnes and with coke prices going up (hopefully) their EPS should easily reach 15. If we keep the PE of 16, the price should be around 130 Rs. Current market price is around 39 Rs, which makes this a gain of 300% + in less than 3 years.

I recommend buying Gujarat NRE at current price and keep buying/holding if there is a dip.

Disclaimer: Please do your own due diligence before buying any shares.

Look Who Bought Majorly On 7th July....

When market tanked, look who bought huge amount of shares....


FII are bullish on India and they know that India story is going to continue...

I bought some minor amount of unitech, suzlon, gujarat nre and hfcl....

Disclaimer: Do your own due diligence before buying shares...

Some Shuffling Done...

I booked profit in IVR Prime... well not much  had bought at 71 sold at 72.5 or so.... but on a positive side I got rid of the not so great stock of IVR Prime...

So here is where I moved my profit to....

Suzlon
Unitech
Gujarat NRE
HFCL

ya ya you may ask why HFCL??? well to cut long story short I am having this "junk" stock as it "may" give "good" returns in its "hey days"... I have huge amount of HFCL I am just waiting for some trigger which can push this stock to 20 or so and I exit...

Till then happy investing.... I am again saying this is good time to buy...

Disclaimer: Do your due diligence before buying any shares....

Booked Profits In Unitech and IFCI

I booked profit partially in IFCI And Unitech, the proceeds from that are moved to Gujarat NRE Coke.


So, if you read between the lines you know which one to buy ;-)....

Disclaimer: Do your due diligence before buying any stocks.