Buy Signals for coming days

Bharat Bijlee tested its 52 week-high in an Intraday move. The company seems to be well poised on 2 fronts:

1. The industry it operates in , is doing well. The IIP is hitting the roof.
2. The company holds plenty of Siemens Shares @ book value of 73 approx.

Not done a detailed fundamental valuation of the company, but looks good even on a casual look.

Strong BUY for Bharat Bijlee
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Buy on Declines:

LnT, SBI, ONGC

LnT - Again good IIP Numbers/Great stock if Nuclear Energy is to be taken as next generation growth engine for India/Great stock if allowed to enter the heavy electrical equipment business monopolized by BHEL

SBI - Good Reward - Risk Ratio. Chances of Rights/FPO, mergers with subsidiaries to boost valuations.

ONGC - Grossly undervalued. This stock will benefit because of lower subsidy burden. Rising ruppee would have capped the losses of oil marketing companies. So ONGC might have to share a lesser burden.

With all the profit it earns, its a gold mine once set free from government policies, Accumulate at declines, esp. if you have a good long germ view.

But ya, all said and done, do save money to invest in the PowerGridCorporation IPO.
Expected Premium around 11-12 Rupees on listing