The markets continued their solid performance and gained another 2.6 pc to close above the previous 2013 high. We look all set to challenge old highs and how the markets react from there will set the tone of the markets.
1. The PSU Banks joined in the party this week and now one needs to see if the beaten down sectors join in the party or the rally fizzles out. Sustained closing above 6357 will herald fresh new territories to be conquered.
For this Diwali, I would strongly reccomend Godrej Properties trading around Rs 370. It recently came out with a rights issue at Rs 325 and the promoters hold about 75 % stake in the company. It comes from the house of Godrej, one of the best run management in the country.
They have premium projects across the country and the safety net comes in the development of huge Vikhroli land bank. The Godrej group has mandated that all real estate development of Godrej group companies has to be through Godrek properties only. They are also getting into the lucrative redevelopment market in Mumbai.
The Vikhroli model will isulate the compay from any downsides. They build huge towers instead of current factories which are leased to IT companies. They get huge rentals while the ownership remains with the Godrej group.
This is a safe low risk bet for those who want to take a bet on the real estate segment also.
One could also look at Larsen and Toubro, India's premium infrasturcture compay. if the economy has to revive, L&T will benefit.
Wish you a very Happy Diwali and enjoy your Mahurat trading.
1. The PSU Banks joined in the party this week and now one needs to see if the beaten down sectors join in the party or the rally fizzles out. Sustained closing above 6357 will herald fresh new territories to be conquered.
For this Diwali, I would strongly reccomend Godrej Properties trading around Rs 370. It recently came out with a rights issue at Rs 325 and the promoters hold about 75 % stake in the company. It comes from the house of Godrej, one of the best run management in the country.
They have premium projects across the country and the safety net comes in the development of huge Vikhroli land bank. The Godrej group has mandated that all real estate development of Godrej group companies has to be through Godrek properties only. They are also getting into the lucrative redevelopment market in Mumbai.
The Vikhroli model will isulate the compay from any downsides. They build huge towers instead of current factories which are leased to IT companies. They get huge rentals while the ownership remains with the Godrej group.
This is a safe low risk bet for those who want to take a bet on the real estate segment also.
One could also look at Larsen and Toubro, India's premium infrasturcture compay. if the economy has to revive, L&T will benefit.
Wish you a very Happy Diwali and enjoy your Mahurat trading.
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