Destination India After IFCI Arvind Mills made great recovery and we expect news of its land bank J V for joint development at prime location land at Ahmedabad will do wonders for this stock. Try to catch all realty stocks which will rise in tandem with fall in inflation. There will be huge action in HDIL, DLF, Unitech, Punj etc in next 2 months. We expect DLF to touch again Rs 1000 in next 2 months. This will help all small realty stocks to see new heights such as Network, RDB, SGL Global etc which will give returns in multiples. Why am I so bullish in Indian stock markets irrespective of all the recent drama, correction, high inflation and slow growth..? I think people call me perennial bull. Yes, I am bull till 2012 and I do not subscribe to the views expressed by wizards on the wire channels which are threatening the prospects as well as life of petty small investors. There is no governance applicable to them. I am bullish in India irrespective of all near term negatives because I hold that Indian rupee is set to rise to Rs 25 against the dollar in next 5 years and believe or not if my projections come through then we will cross Sensex 40 K very easily and whole globe will come and sit in India. You can’t ignore a country whose currency rises 50% in just 5 years. This is inevitable and therefore my choice of investment will remain We have not even seen 1% growth in infrastructure and we are tiring. Bejing infrastructure spending in today’s context is 50 bn USD a year. Just do not listen to any sick advice and stay invested. Today’s small cap will become mid cap of tomorrow and large cap in 5 years. Any way it is your call at the end of the day. I am bullish and watching every day FII and instituitional sellers sell their holding only to buy at all time high. Faith is to believe what you do not see; the reward of this faith is to see what you believe. |
Tuesday, April 29, 2008
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