Long Term Calls
Stock market correction in January 2008 has offered many options to long-term investors in select stocks. GMR infra is looking good at current market price for long-term investment.
The Hyderabad airport will begin operations in March this year. GMR infra recently informed that the company will develop over 1100 acres commercial land in the area. The company has recently added two HydroPower projects.
Ajay Parmar, head of research, Emkay stock brokers said in a recent interview that they are bullish on GMR infra and Punj Lloyd.
Ranbaxy Labs is a good stock for long term investment. Investors can accumulate the stock on declines. The pharmaceutical major is a defensive stock and is fundamentally very strong. The company has posted consistent performance over years.
Pharmaceutical counters didn’t participate in recent stock market rally. These stocks are attractively priced. Long term investors can take long positions in Ranbaxy on every decline. The stock may offer a decent return over 12-18 months.
Ranbaxy labs lost around 2 percent on Tuesday to close at Rs. 390.75 on National Stock Exchange. The volumes were high in today’s trading session. Ranbaxy is looking good for long term investment. Investors can enter the stock on declines. Over next 6 – 8 months, the stock may reach Rs 460 – 480.
Markets are looking over-priced. The US stock markets have lost quite significantly in the first week of 2008. Indian Stock markets have maintained their gains in the starting trading sessions, but the impact of weak global markets will hive off at least 1000 points from BSE Sensex.
IDFC stock touched a 52-week high on Tuesday despite the fact that Indian Stock markets were weak. The stock closed 6% higher on NSE and touched a high of Rs 211.45 during the trading session.
IDFC is a highly liquid stock and the volumes on Tuesday were huge. The trading volume on NSE stood at 14,109,201.
As IDFC has touched a high, the stock may not face any major resistance to touch Rs 250 in short term. However, the movement in the counter will depend on the overall market sentiment.
Stock analysts have suggested investors to buy Patel Engg stock to achieve a target of Rs 805-850.
Investors should purchase Patel Engg stock on each fall with a stop loss at Rs 760.
Today, it has gained 1.6% at Rs 771 on the Bombay stock Exchange (BSE), which is giving proof that the stock has the capacity to break its earlier records. The stock sees 52 week high of Rs 776 and low of Rs 292.5.
Buy the stock and see the difference in the coming days. The stock will really outperform the market.