The Indian stock market seems to be going its own way and seems it doesn't have much impact of the Global trends,but be very cautious on spending now in indian market.The sensex is already trading at very high E.P.S nearly 18 times and scope of going up from level of 18000 is very less.However the market is finding its support because of huge FII investment recently in the market and thats the reason its trading in range bound from 18000-18200 level, but as the past data reveals this month is known for correction.The August month has always been bad for indian market and so the indications are it would follow the same pattern this time as well.My advice would be to wait for some time before investing in market especially A group stocks or rather sensex based stocks because those are the ones which are bound to take pounding once market crashes.
I feel the market would get support at 16,500 to 17000 levels and there is where one must look in building his/her portfolio, so keep an close eye on the market and dont get misguide from global trends because indians market are now following its own trend.
Cheers :)
Saturday, August 14, 2010
Edserv Softsystems Ltd
Currently trading :-207
target:- 300,350,400
Duration 6 months - 1year
This is a hidden gem in the education sector,and this stock has been quite for a while now.The script began its journey from 90s and touched 300 and again went back for correction and now is stabled in zone of 200 from quite a while.My recommendation would be to buy this script as much as possible on dips,may be you can wait for marginal correction start buying in range of 190 for long term.This would be the next or rather i should say future educomp and hot buzz in the educomp sector. Also if we see the E.P.S its merely 10 to 11 times and in normal market also the stock trades at at least 15 times of E.P.S and if you see the education sector the E.P.S is very high as 20 times,so if you are now getting the education sector script at merely 10 times of E.P.S its really very cheap.Another hidden gem revealed.
cheers :)
target:- 300,350,400
Duration 6 months - 1year
This is a hidden gem in the education sector,and this stock has been quite for a while now.The script began its journey from 90s and touched 300 and again went back for correction and now is stabled in zone of 200 from quite a while.My recommendation would be to buy this script as much as possible on dips,may be you can wait for marginal correction start buying in range of 190 for long term.This would be the next or rather i should say future educomp and hot buzz in the educomp sector. Also if we see the E.P.S its merely 10 to 11 times and in normal market also the stock trades at at least 15 times of E.P.S and if you see the education sector the E.P.S is very high as 20 times,so if you are now getting the education sector script at merely 10 times of E.P.S its really very cheap.Another hidden gem revealed.
cheers :)
Labels:
E.P.S,
Edserv softsystems,
education,
educomp,
everon,
hidden gem
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