Sensex

Wednesday, March 28, 2007

$$ DreamGains !! $$ Best buys after recent market fall

 

Dear Customer, 

The markets have fallen by more than 2000 points in the past one month after touching a lifetime high of 14723 levels with selling in banking & technology stocks on the back of domestic & global cues. However we believe the correction has created attractive buying opportunity in the frontline as well as mid-cap space and has outdone the concern over fundamentals as earnings growth outlook is still robust.

Our view  
Long Term Outlook - Bullish
Sensex Target levels - 16400
Sensex Support Levels - 12245

Strategy to adopt  
We believe post recent correction, a lot of attractive entry points have been created in both frontline & mid-cap space in our stock universe coverage. We have identified 11 stocks which are absolute buys over the 6-9 months horizon irrespective of the market direction from hereon.


ICICIdirect absolute buys
   

Company name

CMP* (Rs)

Target Price (Rs)

Potential upside

Time Frame (Months)

Adhunik Metaliks

35

52.5

50%

9 - 12

Balaji Telefilms

115

182

58%

9 - 12

Infosys Tech

2050

2843

39%

9 - 12

iGate Global

376

610

62%

12 - 18

JK Cement

128

293

128%

9 -12

PTC India

58

95

64%

9 -12

Sangam India

73

120

65%

9 - 12

Reliance Capital

620

760

23%

9 - 12

Union Bank

98

119

21%

9 - 12

Ultratech Cement

790

995

25%

9 - 12

Yes Bank

125

170

36%

12 - 15

*as on 21st March, 2007

Click here for detailed report...  

Regards,  

ICICIdirect.com   

To give us your views or feedback please click here.         

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Regards

BigGains !!
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