Recently I happen to purchase couple of stocks for more than one reason which I would like to share them here.
- Commodities are bottoming out and showing signs of uptrend.
- Company has a good management and has shown good results in the pasts.
- 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.