Reliance Industries - Cyclical Business ?
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Sunday, October 16, 2011
Eros International firmly in the picture ahead of release of Ra.One
Eros International Media rose 2.48% to Rs 258.20 at 14:54 IST on BSE after the company said it is planning a wide release of the Shah Rukh Khan starrer Ra.One.
The company made this announcement during trading hours today, 14 October 2011.
Meanwhile, the BSE Sensex was up 196.67 points, or 1.16% to 17,080.59.
Gold - good time to accumulate
Gold prices present a good opportunity for long-term investors to accumulate the precious metal as its overall outlook remains positive amid the current economic uncertainty.
Gold prices, which had collapsed in the last week of September, have recovered significantly and are now hovering around Rs 27,000 per ten grams. Going forward, fresh buying by stockists and jewellers to meet the ongoing festival demand is likely to further fuel the uptrend
MOIL - Buy
India's largest manganese producer, MOIL, has witnessed a 30 per cent correction in its stock price in the last three months following a sharp correction in manganese ore prices and weak global growth outlook. This provides investors the opportunity to accumulate the stock at attractive valuations.
A growing domestic market for steel, industry-topping profit margins, zero debt and high cash reserves make MOIL a very good defensive bet. The stock trades at 8.2 times trailing twelve month earnings which is at a discount to fellow public sector miners such as NMDC. On an EV/EBIDTA basis, the company trades at 3.5 times, which is at discount to global mining peers.
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