Friday, December 10, 2010

Stock Picks for 13th Dec 2010

With the correction of banking sector, its good time to buy some banking sector stocks now.

Buy Yes Bank @ 290/-
Target 370/- in 3-4 months.

Yes Bank is performing well with a steady growth of ~50% YoY.

Buy Vijaya Bank @ 90/-
Target 115/- in 4-6 months.

Thursday, December 9, 2010

Hot IPOs for this Quarter

One of the easy & less risky way to make money is to invest in IPO. Well, not all companies might give you profits, but investing in a public sector, Govt. of India undertaking or state govt owned companies will definitely give you profits. You should be very lucky to get the allotment though. It depends on the size of the IPO & the past performance of the company. People got good number of stocks allotted in Coal India, that was only because the size of IPO was huge & the employee reservation was subscribed less than 0.5, I am talking here about the retail investors. Also most of the Govt. companies IPO pricing for the retail will be at 5% discount, hence you gain an additional profit of 5%. Recently the retail investor's limit has also been hiked from 1L to 2L.

With the 40,000 crore disinvestment target by the Govt. for this fiscal, the major upcoming IPO/FPOs are as follows

Oil & Natural Gas Corporation (ONGC) : FPO : Expected to be in mid Feb 2011
Steel Authority of India Ltd. (SAIL) : FPO : Expected to be in Jan/Feb 2011
Hinustan Copper : FPO : Expected to be in March 2011

Punjab & Sind Bank : IPO : Issue date: 13th Dec to 16 Dec

Indian Oil Corporation (IOC) : FPO : Earlier it was expected to be in Jan 2011, but now slipped to the next Fiscal