Driven by unanticipated strong global cues the markets rallied hard during the past month. Benchmark indices Sensex and Nifty surged by 24.3% and 22.6% respectively in March 2009. Given the conservative composition of our Top Picks basket, the portfolio provided relatively lower returns of 11.8% in the same period.
We had removed Crompton Greaves from our portfolio during the month on account of an unexpected corporate development in the form of an unrelated investment in a group company. We are re-introducing the stock in our list because of the clarity provided by the management for its move and the expectations of healthy Q4FY2009 results.
Another change includes the replacement of UltraTech Cement with Grasim Industries due to a gap in their relative valuations (much steeper appreciation in the price of UltraTech Cement). We are also introducing India Cements in anticipation of a healthy Q4 performance and increased weightage on the cement sector. On the other hand, Bharat Electronics has been removed from the list as it has appreciated by over 21% in the last two months and the expected trigger in terms of its Q4 results has already played out.
Click here to read report: Sharekhan Top Picks
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BigProfitbuzz is an Indian stock market advisory firm. BigProfitbuzz proven month after month that trading and investing in stock market can be profitable whether market is bull or bear. As suggested last week our all client made a very good profit in the buy position of NIFTY .Now for the coming week we suggest all the traders to make a sell position in NIFTY around 6200-6250 with stop loss 6400 for the target of 5900-5800.This is due to that NIFTY is unable to sustain its peak so traders can make a sell position to make some profit. You can also can make sell position in NIFTY stocks also. But keep the strict stop loss of 6400 for the NIFTY & NIFTY stocks. For further update visit our website
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