|Photo: The Times of India|
4. Keep accumulating Reliance Communications Ltd (Rs.47.20) and hold for some time, to get some very good returns in the short term (less than 90 days). This is a no-brainer - you need to buy and forget for some time, just like your Fixed Deposits.
5. Gammon Industries Ltd (Rs.14.89) hit the 20% upper circuits today. And Gammon Infrastructure Ltd (Rs.5.47) is up more than 6%. The infrastructure and real estate stocks should do well, after the news of Dr.Rajan's exit, as the government of India is likely to stop INFLATION TARGETING and focus on GROWTH.
The Nifty is now as 8184, up ~14%. But I hope by the end of the day, it should close above 8200, with a spurt in the Infrastructure stocks, because of the NDA government now focusing on growth. Which means the interest rates, will now have a more pronounced downward trajectory, compromising a part of the inflation.