This a period when one can keep investing in a stagerred manner. Good comapny shares are going for a song. One has to have patience for a few years. One of the midcap shares, I invested few years back and can safely recommend now also is Tamilnadu newsprint. Well managed, good financials, paper, land owned for IT park development, good capacity power generation .
At Rs 61 , it is safe bet . One can expect trebling in 2 years time or even more.
Some of the other shares which are selling at low PE and low market caps are ,
Tata Chemicals
HPCL
BPCL
Hindalco( long shot )
L&T
All said and done, India still is a good consulmption story. Slowdown of growth across the world is due to excess capacity creation. Some excess would have spilt over to India , but not too much.
One can expect the Indian economy to do well after this US & Europe Induced recession.
Have faith and invest in good shares.
One just has to look at the prices of shares , a year back and now. Quite a lot are selling at 30% of their highs .
Retail also may see good times. One sees a huge churn. Retail Industry is going through bad times, a combination of high rentals locked in when commercial space was priced high and aggressive growth plans. Now that the rentals are coming down and the retail indutry is also witnessing some sanity, we should expect a turnaround after a year. One should invest in fundamentally sound Companies like Trent . Not too fond of Pantaloon . Too agreessive and there is always the fear that the financials hides more than it reveals
At Rs 61 , it is safe bet . One can expect trebling in 2 years time or even more.
Some of the other shares which are selling at low PE and low market caps are ,
Tata Chemicals
HPCL
BPCL
Hindalco( long shot )
L&T
All said and done, India still is a good consulmption story. Slowdown of growth across the world is due to excess capacity creation. Some excess would have spilt over to India , but not too much.
One can expect the Indian economy to do well after this US & Europe Induced recession.
Have faith and invest in good shares.
One just has to look at the prices of shares , a year back and now. Quite a lot are selling at 30% of their highs .
Retail also may see good times. One sees a huge churn. Retail Industry is going through bad times, a combination of high rentals locked in when commercial space was priced high and aggressive growth plans. Now that the rentals are coming down and the retail indutry is also witnessing some sanity, we should expect a turnaround after a year. One should invest in fundamentally sound Companies like Trent . Not too fond of Pantaloon . Too agreessive and there is always the fear that the financials hides more than it reveals
