StocksUnLimited

Warrnt Buffet's Quote

2009-01-10T10:22:00.001+05:30

In evaluating people, you look for three qualities: integrity, intelligence, and energy. If you don't have the first, the other two will kill you.

8 really, really scary predictions

2008-12-13T00:22:00.001+05:30

This is from CNN.
8 really, really scary predictions

Promoters Buying

2008-11-13T02:47:00.004+05:30

One of the better gauge of confidence in stocks is whether promoters are buying stocks of their own organization.

In this meltdown, management of these companies are buying stocks in their own organization.

1. C&C construction.
2. OPTCIRCUIT
3. AMD Industries
4. NIITLTD
5. GITANJALI GEMS
6. Man Industries
7. Jai Balaji
8. Mastek
9. GATI
10. Blue Bird
11. Aptech

This gives a sense what kind of buy opportunity we have in the current scenario.

Nuclear Power

2008-09-17T07:59:00.002+05:30

Good article on why India needs Nuclear Energy
http://outlookbusiness.com/inner.aspx?articleid=1878&subcatgid=885&editionid=49&catgid=2

How to control inflation

2008-07-04T22:51:00.000+05:30

I found this interesting link on How to control inflation?

I bought two mutual funds

2008-02-19T07:01:00.004+05:30

Last week I bought following two mutual funds.

1. ICICI Pru Infrastructure Fund.
This is primarily a large cap fund, so I get a exposure to quite a few index stocks.
More details about the fund can be found at ICICIPRU

2. DSP ML India T.I.G.E.R Fund.
This fund has good exposure to banking sector.
Details about the holding are at DSPML.

This is what I am doing

2008-02-09T06:28:00.000+05:30

This is my strategy for investment in stock market (especially in uncertain period).

I have target of investing of Rs 48000(48K) every year(at least for next 10 yrs).
48000 is just an example. I have divided 48k into 4 parts. For 2 parts i.e. 24K,
I have bought 2 SIP of Rs 1K each of Fidelity Equity Fund and HDFC Top 200 Fund.
Remaining is 24K. I have divided this 24K into parts of 12K each. I invest first 12K when markets crash by at least 15% and next 12K I invest when there is extreme pessimism all around.
This strategy in not full proof and some time I have to be patient for long long time before I get opportunity to invest. But then, I am not in hurry.

Quote from book Art of War

It does not take much strength to lift a hair, it does not take sharp eyes to see the sun and moon, it does not take sharp ears to hear a thunderclap.

What to do ?

2008-02-08T07:49:00.000+05:30

Yesterday, my friend asked me that with risk of US Recession looming large, what to do in Indian stock market? Is it time to sell or buy or to do nothing?

Before giving my views on the above question let me give some background.

US sub-prime crisis fear impacted US and world wide stock markets in Aug 2007 and consequently BSE also fell to 14000 in Aug 07. However, BSE bounced back and touched an all time high of 21206.80 on Jan 10, 2008. As of today (Feb 08,2008) BSE is at 17526.93 , that means a drop of around 17.5% from peak. Drop of 17.5% is misleading as majority of the stocks have corrected more than 30%.

What has changed in last 1 month that has triggered this stock market correction/crash?
Many factors, few of them are

1. Heavy speculation was going in market. Companies with no fundamentals or profits were hitting new highs everyday. One of such example is Reliance Petroleum. At 52 week high price of Rs 294, it had market cap of Rs 130,000 Crs. Amazing isn't. A company with no profits and assets under construction was valued so high.

2. US economy has slowed down for sure and there is divided opinion that US is already in recession . Meaning business in US has tough present and future(for some time at least).

3. Growth rate in India has been revised downwards. Refer to this BBC link.

All this means that profit growth rate for Indian Companies will slow down.

Coming back to the original question, what should a investor do?
Again, before answering let me say something more.

There are two types of retail investors in Indian stock market.

First type are the ones who want to make quick money in market. They want to follow every move of the market and are largely driven by the news around. They do not have perspective beyond few months or at max 1-2 years. (Majority falls in this type)

Second type are the ones who are in market for long haul (5-10 years or more). They do not follow market much , but they invest consistently for years. The whole idea of the market for them is long term wealth creation. They know market behave erratically in short term but logically in long term. They do not panic when their portfolio is down by 20 -30%.
They treat stock market investment just like a PF or a recurring bank deposit. Most important, they realize that big money in stock market can be made by remaining invested and it is impossible to time the market. However, they do churn their portfolio from time to time.

Ask your self what type of investor you are or what type you want to be and you'll get the answer of the question asked in this post.

Recession come and recession go, that is the nature of economy but stock market remains and thus remains the money making opportunity.
One more thing, in stock market optimism is max at top and pessimism is max at bottom.

KEC International

2008-02-06T08:59:00.000+05:30

KEC Buy Report from economic times

KEC International
CMP: Rs 730.15
Target price: Rs 870

HSBC has reiterated an ‘overweight’ recommendation on KEC International due to factors like strong order backlog and improvement in EBITDA margin. “KEC International has a Rs 50.5-billion order backlog with international orders contributing 68%, which includes the Middle East, Africa, and Commonwealth of Independent States (CIS),” says the report.

The foreign brokerage has increased its EBITDA margin forecast to 13% for FY08E and FY09E after the company reported an improvement in EBITDA margin for the first nine months of the current fiscal. However, an increase in interest costs has led to a marginal impact on net profit, it adds. The brokerage also notes that the high court has given its approval for the merger between the two group companies, RPG Transmission and NITEL. HSBC believes that the company has continuously improved its EBITDA margin and is currently either above or in line with peers. “Thus, we expect the valuation discount to peers like Jyoti Structures and Kalpataru Power to narrow,” it adds.

You can see this report at ET
too.

Arbritrage opportunity in RPG Trans and KEC

2008-02-03T07:40:00.000+05:30

RPG Transmission is getting merged into KEC international.
Swap Ratio is 4 shares of KEC for every 9 shares of RPG Trans.
CMP of KEC is 700 and of RPG is 280.
Going by swap ratio if you buy 9 shares of RPG @ 280 the you'll get 4 shares of KEC and effective price of KEC per share will come to 9*280/4 = 650, that is almost 8 % discount to current market price of KEC. Assuming whole process takes 2 months and KEC price remains stable , you can get neat 8 % return in two months. More over KEC has declared good 3rd quarter results and this stock will remain in demand.

So accumulate RPG Transmission at every opportunity.

Charts of Few Banks

2008-01-30T09:46:00.000+05:30

I have mentioned before, stocks which correct less during crash have more potential to rise afterwards.

I am going to discuss 4 bank stocks here and based on their price movement will pick the ones to buy. I have used a key technical parameter 200 day EMA. Most of the times stock show strong support at its 200 day EMA price
All images are from finance.yahoo.com
Bank Of Baroda

BOB is 20% below its peak, but still above 200 EMA.

Union Bank Of India

UBI is also 20% below its peak but above its 200 EMA.

Central Bank Of India

This stock has breached 200 EMA hence is weakest of all four.

Indian Bank

Indian Bank has seen least correction among all, hence is the strongest.
52 week high: 241
CMP: 220
Less than 10% correction.
Out of these 4 Indian Bank shows maximum potential.

Stocks to buy

2008-01-29T08:10:00.000+05:30

One of my favorite way to pick stocks is based on their behavior in extreme corrections/crash.
Some of the stocks which have not corrected much in this crash are

1. CCCL
2. RPG Transmission
3. Infosys
4. Sadbhav Engg.

You can find some more here.

CEO makes money no matter what

2008-01-28T22:44:00.000+05:30

Our desi guy Vikram Pundit recently got 30 million USD stock options, despite
Citi bank announcing 9.8 billion USD losses.

Well top executives get paid no matter where their companies go.

Roger Bannister and Tata Nano

2008-01-28T04:46:00.001+05:30

I know the obvious question you have is, who is Roger Bannister?

In athletics, the four-minute mile is the running of a mile (1,609.344 metres) in under four minutes.
It was once thought by some to be impossible, but since it was first achieved in 1954 by
Roger Bannister the 'four minute barrier' has been broken by many male athletes,
and is now the standard of all professional middle distance runners. In the last 50 years the mile record
has been lowered by almost 17 seconds. Still, four minutes remains the standard by which all male amateur milers
are measured.

I am hopeful that Tata Nano will do the same to auto industry what Roger did to athletics.
Already Renault has announce that it will produce a car to compete with Tata Nano.
Let's see if in years to come 1 lakh car would be in stable of every car maker.

Two defensive stocks

2008-01-24T09:51:00.000+05:30

Here are three defensive stocks for this volatile market

1. Novartis(From outlook money)
CMP Rs 335
As per BSE site (As of 23-Jan-2008)
Azim Harsham Premji holds 935634(2.93 stake) shares of Novartis

2. Merck (From outlook money)

CMP Rs 375.

3. Infosys

CMP Rs 1420

To me it is a safe bet and below is another example of high level of ethics Infy practices.

Infosys CEO fined for violating stock-holding rules

Bangalore, Jan 22 (PTI) Software major Infosys Technologies Ltd has imposed a fine on its CEO and Managing Director S Gopalakrishnan for not reporting within the stipulated time a change in his shareholding.

On December 24 last year, Gopalakrishnan inherited 12,800 equity shares from his mother, the Bangalore-headquarted company, listed on NASDAQ, said in a filing with the US Securities and Exchange Commission.

"Mr. Gopalakrishnan inadvertently failed to notify the company within one business day following the change in his shareholding, which failure was also a violation of the company's Insider Trading Rules", the filing said.

On January 10 this year, the audit committee of the company's board of directors determined that Gopalakrishnan's failure to provide notification was a technical violation of the Insider Trading Rules, although it noted that it believed that he had no intention of contravening the Rules.

"However, given the position of responsibility held by Mr. Gopalakrishnan in the company, the audit committee imposed upon him a penalty of Rs 5,00,000 (Rs five lakh), which Mr Gopalakrishnan was directed to donate to a charitable organisation of his choice", the filing said.

Gopalakrishnan has made the donation as directed by the company's audit committee.

Time to Buy

2008-01-24T09:48:00.001+05:30

In this tough phase of stock markets here are some words of hope/wisdom

“To buy when everyone is desperately selling and sell when everyone is buying requires the greatest fortitude but pays the highest rewards.”...Sir John Templeton

In stock market always sell hope and buy despair ... Anonymous

What happened in past few days was due from long time, and was not a new phenomenon but then we hardly ever learn from our mistakes.

Rupee has appreciated less than Yuan

2008-01-15T23:50:00.000+05:30

Interesting Article from ET

CEOs and Chin

2008-01-11T09:03:00.001+05:30

Interesting Conclusion

(From Business Week)

How CEOs Lead with Their Chins

A strong chin, that Hollywood staple, may also be a plus for aspiring CEOs. That's the conclusion of New York plastic surgeon Darrick Antell, who presented his highly anecdotal evidence at the recent 2007 World Congress on Liposuction Surgery and Advances in Cosmetic Surgery in Dubai. Antell drew a line from the nose tip to the chin on photos of 42 CEOs from 2005's top 50 Fortune 500 companies. Some 90% (including Carly Fiorina, then Hewlett-Packard's (HPQ) CEO) showed nonreceding-to-prominent chins, vs. 40% of the U.S. population. People equate such jawlines with confidence and character, says Antell, who performed 20 chin augmentations in 2007. (Topping out at $7,500, the surgery's a bargain compared with, say, a $92,000 MBA from Harvard.) Some dynamos have "deficient" chins, Antell admits. But most are entrepreneurs. When it's time to pick a top manager, the one with the Superman jaw gets the job.

—By Ben Levisohn, Edited by Deborah Stead

Is Rupee appreciation Really Impacting Jobs

2008-01-02T23:21:00.000+05:30

Great Article by Swaminathan

Buy Merck

2007-12-24T05:14:00.000+05:30

Buy Merck.
Report from outlook money

Two interesting articles

2007-11-16T21:41:00.000+05:30

Reading thru various sites, I found these two interesting articles.
One of the full proof ways of making money is following the smart money.
First article tells why the smart money will come to India and the
second one talks about how much this money could be.

A trillion dollar tidal wave

Where is OPEC spending its wealth?

India's 40 Richest

2007-11-16T07:45:00.000+05:30

Forbes latest list of 40 richest Indian.

Bulll market

2007-10-26T21:42:00.000+05:30

Is it the last phase of bull market?
Emerging markets in last stage of equity boom

Unbelievable amount of money is flowing into emerging markets.
PetroChina's IPO attracts record $440 bn.
In Rupee terms it is 176000 crores.

NRN's Interview

2007-10-25T23:03:00.000+05:30

One of the most candid interview by NRN.

NRN's interview.

I liked this statement very much.

"In Ramayana, Rama was accused of letting down the interest of Sita. But there is a lesson in that fable and that is for the sake of majority; leaders have to set an example."

I'm trying to be back

2007-10-08T22:46:00.000+05:30

Almost six months since I did anything actively on stock market.
I'm trying to come back now.

I did invested in Power Grid IPO and results are beyond expectation.
Well, bull markets can do anything. No upper limits. I am still holding PowerGrid.

I am keeping all my money for IPOs. Looks like they are the safest bet right now. Don't think, just blindly invest in IPOs, you'll definitely make some money.

Some Inspirational Quotes

2007-08-29T01:37:00.000+05:30

"An investment in knowledge pays the best interest!"

Benjamin Franklin (1706 - 1790)

The best way to forecast the future is to invent it

Alan Kay

“To buy when everyone is desperately selling and sell when everyone is buying requires the greatest fortitude but pays the highest rewards.”

Sir John Templeton

"Destiny is not a matter of Chance,
but a matter of choice.
It is not a thing to be waited for,
it is a thing to be achieved..."

William Jennings Bryant

“Purity, patience, and perseverance are the three essentials to success and, above all, love”

Swami Vivekananda, (1863-1902)

Some people Succeed because they are Destined to But, most people Succeed because they are Determined to!

Mutual Funds I have

2007-07-04T20:44:00.000+05:30

As I mentioned last time, I have sold almost all my stocks.
I have mutual funds in my portfolio now.
Funds I have are
1. Fidelity Equity Fund
2. Fidelity Tax Saver
3. Fidelity India Special Situation Fund
4. Fidelity International Opportunities Fund
5. HDFC Top 200

As you can see my major investment is in fildelity funds, I am trying to diversify now.
I have a SIP in HDFC Top 200 and Fidelity Equity Fund, rest of them were lump sump
investment.

Everything sold

2007-06-12T07:58:00.001+05:30

Last month I got a chance to off load all my stocks.
And first time in last 7 yrs I was able to overcome my emotions and stock mania.
There are multiple reason why I did this.
1. I got bored of stocks.
2. Stocks impacted my primary job too much.
3. For some time I want to concentrate on my IT career.

Now I have taken alternative approach of mutual funds. Have bought couple of SIPs in equity funds.

Australia Won

2007-05-17T21:10:00.000+05:30

This world cup cricket was a flop show. No team was even close to giving a fight to Australia. I expected Australia to lose but they proved me wrong.

The way I was against Australia typically represents the mentality we have towards stocks. Let me explain this.
Let's say Australia cricket team is a A category stock and teams like India , Pakistan etc are C category stock.
Most of the time we know that a A category stock will outperform C category ones but still we keep on betting on Cs. Classic case in Infosys. Infosys is just like Asutralian cricket team, consistent performance even in adverse conditions. Yet instead of buying Infosys we keep buying other C category IT stocks.

So next time try to bet on Australian cricket team rather than India.

Relocated to USA

2007-04-19T00:50:00.000+05:30

Last few months were very hectic for me as I got relocated to my company's headquarter in Minneapolis. Now that I'm in Minneapolis I will get time to update my blog.

This time no stocks but cricket. Million dollar question is will Australia win the world cup?
Let's take a clue from history , last year in Soccer world cup Brazil looked unstoppable.
But then just one below average performance in semifinal match knocked them out.

To me Australia looks a definite potential case like Brazil.

Let's see if my prediction will be correct.

Stocks I hold

2007-02-22T19:53:00.000+05:30

These are the stocks I hold.

Amar Remedies
Apollo Tyre
Classic Diamond
Era Construction
Futura Poly
Gitanjali Gems
Nectar Life
Parsvnath
PBA Infra
Pratibha Industries
Reliance petro
RPG Transmission
Revathi Equipment
Rolta
SRF Poly
Sunil Hitech
TechnoCraft Industries
Valecha Engineering

Total is 18. Now you can understand in what mess I am ? Tracking all of them is pain.
But at the same time it is some fun also.
Moving forward I want to bring this list down to max 10. May be in next few months.

Freakonomics

2007-02-18T18:34:00.000+05:30

Few days back I got a chance to read this book. And this book is really written by a kind of freak. Through out the book author(Steven D. Levitt) has challenged conventional wisdom. Author's site is www.freakonomics.com

For example in US presendential elections the candidate who recieves maximum donation is winner. So according to conventinal wisdom to win elections you should get more donation than your opponents.
Steve has given counter of this wisdom. Lets say you are giving a donation to a candidate during election. Whom would you prefer?, some one who has no chance of winning at all or someone with strong chances. Answer is obvious. So the truth is winning a election is not a result of getting more donation but a mere confirmation that candidate had good chances of winning election.

Book is full of these kind of examples. But my favorite is section where School Teachers of US are compared with Sumo Wrestlers of Japan.

Back to stock market. Week of 16th Feb was full of excitement , with market crashing like anything and then recovering some what. One stock which is having really bad times is Parsvnath Developers. From the listing price of 550 (IPO price 300) on 30-Nov-2006, it has continuously slided. CMP is 321. Stock deserves better price than this. I picked some in this crash @ 300. Lets see where it goes.

TechnoCraft Industries

2007-02-15T18:02:00.000+05:30

TechnoCraft listed on 12-Feb-2007. IPO was at 105 and CMP is 118.
Stocks looks like a decent pick. Company is talking of an eps of 20-21 in FY08 and in 14 in FY07.
More details are at
http://www.moneycontrol.com/india/news/iponewlistings/sharadksaraftechnocraftindustries/seers500crtopli/market/stocks/article/266673

http://content.icicidirect.com/ULFiles/UploadFile_2007118171334.asp

I got some allotment in IPO and I have picked some more.

Stocks was quite stable during the crash of Monday. I am hoping it will give good returns in comming days.

More Stocks

2007-02-05T18:05:00.000+05:30

Here is the link on Valecha.
http://www.indiainfoline.com/company/showleader.asp?storyId=382&lmn=4&cat=1
Mangement is quite bullish on business.

Pratibha Industry. It has quite a good order book and I am looking at target of 400 plus in future. CMP 245.

Rolta. This stock has been performing well as per my expectations. CMP 310. It is in FIIs buy list now so will not fall much. But if there is any correction buy it for good returns.

Stocks for year 2007

2007-02-04T20:36:00.000+05:30

One of the ways I pick stocks is choose companies which have given results more than expectations. Obviously the results should not be a case of one time earnings become of some asset sale.
Some of the stocks on above criteria is

1. Nectar Life Science CMP 215. 9 months eps is around 23. I am quite bullish on this stock. Target are quite high. Not sure but could be 400 plus in next 1 year.

2. RPG Tranmission, this power hungry country needs lot of transmission line. CMP 215. Target may be 300.

3. Valecha Engineering. CMP 240 . This stock is back in my list. Management is talking about 50% growth in next two years. FY07 expected eps is 18. FY08 expected eps is 27.
Stock should cross 350 in next one year.

More stocks next time.

Themes for 2007

2007-01-15T13:44:00.000+05:30

Happy New Year to all readers.
New year has started and here is my point of view for this year.

I have not researched into specfic stocks but these are broad sectors to look out for in 2007.

1. Infrastructure includes roads, ports, air ports, apartments, malls.

2. Power : Transmission and Distribution and power generation

3. Entertainment : Multiplexes

4. IT: Growing outsourcing

5. Pharma: Growing outsourcing.

Some of picks are
Rolta, 3i, Revathi Equipment, Era Constuction, Sunil Hi Tech, PBA, RPG Transmission, Nectar LifeScience, Amar Remedies, Adlabs, PVR, Reliance Energy and IPOs.

I need people who can help in doing stock research. Let me know at bads.stockmarketblog@gmail.com if you are willing to.

PennyWise Pound Foolish

2007-01-02T19:30:00.000+05:30

Lot of us have tendency to put buy or sell limit orders at a price which is very close to current market price(CMP) but not at CMP. For example if a stock is trading at 92.50, we are more inclined to buy at 90 (few paisa lesser) and vice versa while selling. Some how it gives us a feeling that we have saved some money by buying at lower rate. By following this we may save some money but ultimately chances are that one bad decision will give much more negative affect than all small transactions put together.

This happened to me this June 06.
Rolta was selling at 203 and I put an order for selling 75 shares at 203.50.
Next day I realized that it did not sell and Rolta closed at 185. And after that slide continued and after few days Rolta settled at 135. Imagine just to get extra 75 paisa I lost approx. 5K. So moral of the story is when you want to buy or sell just do it. Do not fret over few pennies here and there.

Passing Thought.

Height of Optimism:
Metro will be operational in Bangalore in next few years

Nectar Life

2006-12-28T14:25:00.000+05:30

Last time I had mentioned Nectar Life.

Here are the details for buy recommendation (This is from a fund house). I have bought some shares will buy more once more clarity emerges.

Nectar Life Science – Q2 FY 2007 results

Nectar Life Science is the second largest manufacturer of Cephalosporin (anti-infectives) bulk drugs / intermediates (after Aurobindo Pharma) for supply to domestic formulators and also exports currently to semi-regulated markets. Company has made foray into Phytochemicals (medicines based on herbs and plants) and has begun with Menthol.

Company has posted good results for Q2 FY 2007 with sales growing at 12% to Rs 89 crore. With change in product-mix by getting more into high-end Cephalosporin and taking advantage of higher prices of Menthol (both factors resulting in lower material / sales ratio), company has been able to expand OPM% from 8.6% to 15.2%, partly also due to lower other expenses.

Higher operating profit at Rs 18.61 crore (Rs 10.24 crore) has absorbed near doubling of interest cost to Rs 4.78 crore (Rs 2.53 crore) and increase in depreciation to Rs 2.14 crore (Rs 1.60 crore). Company’s debt has increased due to:

Ø On-going major capex plan of Rs 235 crore over next 2-3 years to part-fund Cephalosporin formulations and empty hard gelatin capsules plants coming up in tax haven Baddi - HP,

Ø Setting up plant II in Punjab mainly for exports

Ø Setting up R&D centre and Quality Control Lab in Punjab

Ø Higher working capital, mainly for menthol, as mentha oil for the entire year has to be procured in the season only.

Consequent to these factors, net profit after taxes has increased by 85% to Rs 10 crore. Company would make provision for deferred income tax in the year-end that should increase tax liability in Q4 FY 2007.

To part finance capex requirements, company had issued FCCB worth US $ 35 million (Rs 161 crore) in April 2006. The conversion price fixed initially of Rs 331.74 has been re-set to Rs 265.39. This would result in issuance of 60.7 lakh equity shares upon conversion (48.5 lakh shares at initial conversion price). Hence, fully diluted equity capital would become Rs 20.95 crore instead of Rs 19.74 crore.

Going ahead, company is expected to post decent growth in sales and profits from multiple streams of revenues and would also make foray into regulated markets, in which it has already filed DMFs. All the new plants being set up and existing plants would be made cGMP compliant and approvable by US-FDA.

At Rs 160/-, the share (Rs 10) is trading at 7.15 times fully diluted estimated FY 2007 EPS of Rs 22.36 and at 5.30 times fully diluted estimated FY 2008 EPS of Rs 30.17. We recommend a BUY as company would be growing earnings at CAGR of ~ 35-40% for the next few years, whereas it is trading at very compelling valuations as compared to peers. Company is in talks with a European pharma company for a strategic tie-up for contract research and manufacture (CRAM). If this materializes, it could act as a favourable trigger. Company would then have to set up a dedicated manufacturing facility for them

No where

2006-12-20T14:58:00.000+05:30

Markets are not going any where. Any way I am not doing much these days. I am sitting on 40% plus cash.
Just sold my 10 shares of Sobha today @ 980 so I am happy.
I expect market to fall sharply before any up move (Sensex at 13387). Let’s see how correct I am.

Another stock on my list is Nectar Life Science. Will discuss more on this later.

PBA Infra

2006-12-14T17:19:00.000+05:30

Two stocks in which I am interested are
1. PBA Infra CMP 130.
2. Sunil Hitech. CMP 110.

PBA has order book for around 900 Crs and is mainly into road projects. Road projects are dependent on govt. spending and govt. spending should not slow down even in case of recession. Ultimately we have to become a developed economy and infrastructure holds the key.
Target for PBA is 180 plus.

Sunil Hitech’s result in past two quarter has not been great but going by this statement of their’s http://www.moneycontrol.com/india/news/business/sunilhitechrashtriyaispat/ordersworthrs200250crpipelinesunilhitech/market/stocks/article/248969
(eps of around 9-10 in FY07) a target of 150 plus is achievable in next 6 months.

I'm back

2006-12-10T11:52:00.000+05:30

I was in hibernation for some time(not from stocks).
From this week I'll start blogging regularly, so keep connected.