* Bear operators have minted a fortune in this mandi of 2008 quite unlike 2006. The profits booked will surely find its back to the stock markets as long-term commitments.
TOWER TALK
* The reigning bull operator is said to have joined the bears by liquidating his positions and going short and make a bigger killing.
* Worst is over or is the worst still coming? This is a never ending question. The more you listen to experts and the more you read, the more confused you are. Just think that the world was a good place after the Great Depression of 1930s, a better place after the World War of the Forties will be still better after this strict ‘agnipariksha’.
* What’s wrong with Hindalco? It’s created a record of sorts. The Rights Issue closed at Rs.96 two week back. Underwriters bail the promoters but and the scrip was quoting at Rs.39 last weekend. Kumaramangalam, rise and save the shareholders before it’s too late.
* In case you own Tisco shares and are interested in arbitrage opportunities, sell the shares and buy Tisco CCPs that entitle you to a Tisco share for every 6CCPs. You make a clean sweep, in high times.
* The Reliance managements must adopt a one-point programme of safeguarding investors’ wealth and interest. The way Reliance Infra, Reliance Capital, R Com and RIL suffered, its time to refocus on Dhirubhai’s ideals.
* This is the time for the government and SEBI to moot a share split in the face value of shares. Thus will impart greater liquidity and enlarge the interest of small investors.
* Marico has performed well in the depressed market. The stock is a defensive play.
* Lok Housing has posted encouraging results and is available at an attractive valuation.
* Crompton Greaves is a good buy at current levels with a good long-term outlook as it has declared growth oriented Q2 results.
* Compucom Software has planned a board meeting for Bonus. Stock is available at a decent valuation.
* State Bank, Infosys, Oracle Financial Software, Biocon are good buys on decline for long-term investment.
* Mazda Ltd. has come out with encouraging results for the September 2008 quarter. Scrip can see a smart recovery in the near future. Keep a close watch.
* Greaves Cotton has a long-term agreement for sale of diesel engines to Tata Motors and has announced decent results for the Sept’08 quarter. Stock may witness bottom fishing by next week.
* Despite good results, stay away from ICSA India. As per the grapevine, the scrip is poised for a vertical fall like Core Projects due to aggressive unloading by FIIs in the near future.
* Thanks to the severe bloodbath investors are now left with penny scrips, which were earlier touted as emerging mid-caps by the so-called analysts.
* Even in the current sentiment, Info Edge India & Educomp are trading at very high valuations. Sooner than later both will witness aggressive selling from the FIIs.
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