Indian Market Review Week Ended March 4th
by Ashok Thakwani. March 5, 2006
This week saw the markets ending with huge gains. The benchmark BSE Sensitive Index (Sensex) closed at a new all-time high of 10,595.43, showing a gain of 394.67 points for the week. The rise was powered by Automobiles, Cement, Steel, Engineering and Capital Goods stocks. With this, the index is up almost 13% for the year to date.
| BSE - SENSEX for Mar. 2006 | |
| Exp Trend | N/A |
| 999991 | |
| Open | 10,214.58 |
| High | 10,706.22 |
| Low | 10,109.34 |
| Close | 10,595.43 |
| Volume | 98,654,016 |
| Open Int. | 0 |
| Price Chg. | 394.67 |
| HIND LEVER for Mar. 2006 | |
| Exp Trend | N/A |
| 696 | |
| Open | 243.000 |
| High | 248.800 |
| Low | 234.100 |
| Close | 244.100 |
| Volume | 5,762,704 |
| Open Int. | 0 |
| Price Chg. | 1.950 |
Hindustan Lever – Long term stock pick
Hindustan Lever, which is the Indian subsidiary of Unilever, is our long-term buy at current levels of Rs 244 (one US dollar = 44.21 rupees). We have a two-year price target of Rs 465 on this stock and is strongly recommended as a core holding of any portfolio. Though this stock has been an underperformer for last five years, we believe that this situation has changed for the better as indicated in the attached chart.
Recommendation Performance
| Stock | Sector | Holding period | Date of Recommend | priceCurrent price |
% Since Recommend | Remarks if any | Position | Hindustan Lever | FMCG | 18-24 months | 4.3.2006 | 465 | 244 | 0 | Buy | Open |
| ertwertwertwert | Tata Steel | Steel | 1-2 months | 4.3.2006 | 520-530 | 454.35 | 0 | Buy | Open |
| Bharat Forge | Auto Ancilliary | 1-2 months | 4.3.2006 | 490-495 | 434 | 0 | Buy | Open |
| Bharati Televentures | Telecom | 1-2 months | 4.3.2006 | 455-564 | 408.45 | 0 | Buy | Open |
| India Cement | Cement | 2-3 months | 4.3.2006 | 185-190 | 152.7 | 0 | Buy | Open |
| Century Textiles | Cement textiles | 2-3 months | 4.3.2006 | 415-420 | 386.95 | 0 | Buy | Open |
| Jindal Saw | Speciality pipes | 2-3 months | 4.3.2006 | 530-535 | 463.35 | 0 | Buy | Open | Asahi india Safety Glass | Automotive glass | 2-3 months | 4.3.2006 | 140-145 | 117.45 | 0 | Buy | Open |
| Jindal
Steel and Power |
Steel | 2-3 months | 4.3.2006 | 2000-2050 | 1701.8 | 0 | Buy | Open |
| BSE Sensitive Index | Index | 3 months | 4.3.2006 | 12500 | 10595.43 | 0 |
© 2006 Ashok Thakwani
Contact Information
Ashok Thakwani
West Bengal, India
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