Monday, February 25, 2008

UPDATES ON TELEDATA

Post the listing of Teledata informatics the prices have come down to Rs.20.The listing of the other two companies will happen in the next 10-15 days. The interim dividend for all the three companies will be announced in the first week of April 2008. I Still reiterate that the combined entity will give good returns for the investors.

The basic premise is that the fundamentals of the company are good and there are doomsday predictions about the company. I do agree that the past does not give any comfort to the investors but majority is not always right.The recent correction in the stock markets is a glaring example of the same. Every analyst was talking about the sensex touching 25,000 etc in the first week of Jan 08 and the same analyst are talking of a bear market.

BUY-Reiterated

Subsequent to the sharp dip in the stock markets it is strongly recommended to buy the following shares from a long term perspective:

1.NTPC
2.ITC
3.HEG
4.ISMT

All the above shares have corrected reasonably and offers significant value at current levels-CMP of current date:25th feb 2008. All the above mentioned shares will give a minimum return of over 25% over a 12-18 month period.

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