Cherry blossoms in falling market: 10 Stocks to buy for 16-64% profit
Sat, Aug 31, 2013 at 15:59
Rupee is playing havoc in the market tanking equities to low points. In a jittery mood, most investors are seen selling stocks to get away from the falling market.
The last week seem to be a little different. The RBI's move to siphon away dollar demand from oil companies worked wonders for the second day in a row as rupee ended Friday's session with an 85 paise gain. Dalal street also rallied with Sensex hitting a double-century and Nifty ending up 62 points.
However, this is just a technical pullback beginning September series and the economy is in doldrums.
In what could be seen as more proof that India’s economy is firmly in the throes of a severe slowdown, in the first quarter of FY14, GDP growth has come in at a lower-than-expected 4.4 percent. This is the slowest pace of quarterly growth clocked in 4 years and the third quarter in a row that growth has remained below 5 percent.
In this time of crisis, SMC Investments feels that the economy would do better in the coming three to four quarters. The brokerage has cherry picked few stocks that have fallen more than the correction required in the short term and are expected to gain handsomely provided the investments horizon is between one to three years.
Here are 10 stocks for you to buy now.