Recently I happen to purchase couple of stocks for more than one reason which I would like to share them here.
Sesa Goa
- Commodities are bottoming out and showing signs of uptrend.
- Company has a good management and has shown good results in the pasts.
Bharti
- Stock just fell to a bottom as far as I can think of. A company as good as Bharti with an EPS of 44 was available at around 700 with one month to the results series.
- Its one of my favorite stock.
Here is the purchase price of both of them and I am holding on to them till
Bharti = 735 and My target would be 820 with a strict stop loss now of 775
Sesa Goa = 110 My target would be 140 with a strict stop loss now of 120
Also I have been getting lots of queries saying I always suggest buying but not selling and so is it something that I only buy and never sell but thats not true and so I have now decided to share that as well.
Now some stock which I have not purchased myself but looks good in the present market conditions is Cairn India.
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{ 3 comments… read them below or add one }
Today on CNBC TV18 every one is talking about the things discussed here one day back. Congrats
Hi Shabbir,
I was going through research report on Sesa Goa by Motilal Oswal they have a sell rating on it as demand from china for low quality ore of Sesa Goa has dec and more over freight charges have also dec as a result China can import high quality ore from South America.
Any comment are welcome.
Karun
I totally agree with you karan but then the lowest this companies stock can get with current earnings is 35 because it has an EPS of 35 and all those things have taken into account for giving it a PE of just 3 ( Now even less )
So My comment would be the stuff are already factored in.
Thanks
Shabbir