[LLL]

Originally Posted by ravibhat

ICICI, HDFC bank shares are bit risky to buy at this level. I do agree couple of months share market will fluctuate too much.

ICICI @ 978 is at its lowest point this year. it didnt fall to that level in jan & feb crashes. so i think its a great buy at that price. Just last week itself icici was trading at 1050-1150 range.

so if markets were to return to their pre-budget days, you are looking at a cool 10% earnings from icici.

i had brought @ 1065 so am being wait out....

[tifosikrishna]

Originally Posted by LLL

ICICI @ 978 is at its lowest point this year. it didnt fall to that level in jan & feb crashes. so i think its a great buy at that price. Just last week itself icici was trading at 1050-1150 range.

so if markets were to return to their pre-budget days, you are looking at a cool 10% earnings from icici.

i had brought @ 1065 so am being wait out....

looking at it technically, it has breached a support level which it did not previously, so to me it shows signs of weakness, time to sell.

regards
tifosi.

[drkhalsa]

ooking at it technically, it has breached a support level which it did not previously, so to me it shows signs of weakness, time to sell.

I agree !

I wont say sell for long term invester but atleast no Buy for some time on this stocjk as it breached its support level

Market Tomarrow ( wednesday)has little chance of recovery ! Lets hope for the best

[tsk1979]

Europe and Asia have tumbled. I guess its more tumbling down tomorrow.

[drkhalsa]

Europe and Asia have tumbled. I guess its more tumbling down tomorrow.

On tuesdat Nifty Checked its support level 4840 so technically there should be bounce back( upto 5000 level) but global cues can effect it

[rkg]

as per TV channels and new papers ICICI hit by US sub primes crisis exposure to the extent of 260 million US $. it was main reason behind yesterday fall in stock price

[rkg]

sorry post got duplicated.

[LLL]

Originally Posted by rkg

as per TV channels and new papers ICICI hit by US sub primes crisis exposure to the extent of 260 million US $. it was main reason behind yesterday fall in stock price

ecotimes says other banks will be shortly announcing their exposures to subprime crisis...so expect banking stocks to get a second beating pretty soon....

[CaAT]

Hi all,

Can someone suggest good pharma stocks to invest in? I have shortlisted Jubiliant Organosys, Dishman Parma and Ranbaxy.

I am looking at a long term investment, say 1 year.

[BaCkSeAtDrIVeR]

@CaAT. Bad question, wrong forum, and <pardon me> stupid </pardon me> approach to spending money. If you have money to burn, fill up your car, and d r i v e!!!!

Never depend on others recommendationt to BUY shares; you can look at recommendations to shortlist shares for research. If you do now what "research" means, you better stay off the stock market and stick to some mutual fund.

Sorry, I do not intend to be rude.

[CaAT]

Hey Backseatdriver,

No need to be sorry. No offence taken.

I have already built up a good portfolio of shares across the spectrum. Pharma and FMCG, which had all along underperformed, were the only two sectors missing from it.

Given that budget was extremely positive for these two sectors, I thought of asking if anyone had already invested in them.

[LLL]

can there be a jump on 13-march in powergrid when it gets included in nifty? thinking of buying some from short-term perspective...

[harjeev]

Originally Posted by CaAT

Hey Backseatdriver,

No need to be sorry. No offence taken.

I have already built up a good portfolio of shares across the spectrum. Pharma and FMCG, which had all along underperformed, were the only two sectors missing from it.

Given that budget was extremely positive for these two sectors, I thought of asking if anyone had already invested in them.

Pharma i dont invest. But in Fmgc my long term bets are ITC & TATATEA.
Both are from very good industrial houses, leaders in their feilds and the products that they make ITC (major revenue tabacco) TATATEA(tea) have inelastic demand. I.e. Even in recession or downturn would be the least effected.

[jagan0677]

Originally Posted by LLL

ecotimes says other banks will be shortly announcing their exposures to subprime crisis...so expect banking stocks to get a second beating pretty soon....

From ICICI's statement, the problem seems to be more on credit derivative, rather than subprime. I am unable to understand why Indian media terming it as subprime, rather than something like credit crunch. Or is my understanding wrong??

[ntomer]

Today it's carnage. Sensex has plunged to sub-16000 levels and there is not even one gainer in group-A.

\N