Sunday, May 11, 2008

Free Stock Tips - May 2008

Secondary Market was back in action end of last month and early May. Though the markets are retreating a bit now as they have gained decently over the last couple of weeks. Investors are returning back to markets but are very cautious. Stocks like RIL, Bharti, Praj Industries etc which we recommended last month have gained considerably. Hope investors would have made use of the advice.

For the month of May, 2008, we would recommend the following stocks:
- RIL: We maintain a buy on this stock. Investors can accumulate this stock as the P/E is still favorable.
- Praj Industries: We have recommended buy on this stock for the last 3 months. The stock has appreciated from 100 to 200 in 2 months. We would recommend short term investors to exit this stock. Long term investors can still invest in this stock as it is still a great story. It has appreciated very sharply so risk reward ratio is not good at the moment in the short term.
- ICICI Bank: Enter only at ~ 800 level and sell at . Long term investors can still hold above 900.
- Infosys: Short term investors can exit this stock at the moment. US is going through a rough time and this will continue to put pressure on company's margin. Long term investors can still enter at 1650.
- Bharti Airtel: Enter only at sub 800 level and hold the stock for long term. Will give good returns in the long run.
- Rural Electrification: Enter below 110 level and keep accumulating at every dip. Hold the stock for long term for great returns.
- Dish TV: If you have a good risk appetite, this is a good stock to hold with a long term view. The stock has corrected sharply in this last one month. Enter the stock at below 50.

Markets can be choppy in the short term owing to US recession news, inflation etc. So, one has to be ready to make changes in the portfolio and strategy quickly.

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