A recent ICICI Securities report expects the Sensex to reach 17000 by the end of 2007. This is a very divergent view from what Merrill Lynch reported – that the sensex would crash to 11,500 levels by December 2007. I would love to believe in the ICICI Securities report, but would at the same time also keep in mind the view of ML analysts.
As various plans unfold, infrastructure seems to be the key area of focus that is shaping the way of things to come. The report lists the following as the top picks for the coming months:
- Bank of Baroda
- GAIL
- Grasim
- Maruti Udyog
- Satyam Computers
On a separate note, I had written about Reliance Communications sometime back. The stock is seeing its price headed northwards, though I am keeping a tab on this stock. Market pundits are also anticipating a near term correction, though such rumors usually start floating as markets hit new highs. The underlying theme still remains strong and inspite of a correction, the general trend of Sensex is believed to go northwards only.
Walchandnagar is continuously hitting new highs – a stock that I had been tracking for the last few months. I do not know where the rally is going to stop, but as of now the story for this particular scrip is looking very positive. This is a real multi-bagger.
1 Comment
June 1, 2008 at 5:23 pm
In my opinion the US stock market will goes down and therefore the rest………… see this post:
http://investorsconundrum.com/english_edition/2008/06/losing-winters-in-stocks-are-often-followed-by-losing-summers/