Ok. The markets have played out exactly like I had previously opined. Crude Oil has come down to $ 120s again and I reckon it could go lower. That can only mean good news for the Indian Stock Market. The political uncertainty is also out of the way with Manmohan Singh's govt. winning the Trust vote. Mars is leaving Saturn on 10th August. Time to buy.
I have been receiving repeated requests about suggesting some stocks for investment now. Here are a few of my Top Picks:
1. GREMACH INFRA (BSE CODE : 532836) - This stock used to be the darling of the markets just six months ago. Having seen highs of over Rs. 500, this share is now trading at a mere Rs. 88. The diluted EPS for FY 2007-2008 was Rs. 23.74, which means this once highly rated Infrastructure stock is trading at a PE of just 3.7. I will buy this stock.
2. GODAWARI POWER & ISPAT LTD (GPIL) : This stock has come out with a stellar performance in the 1st quarter, despite the slowdown in the rest of the market. It posted a diluted EPS of Rs. 13.09 in the June qtr. With an expected annualized EPS of Rs. 55, and cmp of just Rs. 204, this super stock is trading at a PE of a mere 3.7. I will buy this stock.
3. CREW BOS : This stock has a one year high of Rs. 163, and currently available at a throw away price of just Rs. 33. Having posted a diluted EPS of Rs. 2.4, with an annualized EPS of Rs. 10, this stock is trading at a PE of a mere 3.3. I will buy this stock.
Cheers !
Monday, August 4, 2008
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