Time to Buy

A lot of quality stocks have corrected steeply in the last few sessions. With all due regard to fundamentals, there are some stocks which can be bought purely from an immediate upside perspective.

SBI -> Rights Issue + Reverse-Merger with subisidaries

BHEL ->Bonus issue + Chance of dividend given the surpluses + potential upside from the nuclear business, if India and US sign the 123 agreeement

Larsen Toubro -> De-merger of Larsen Toubro Infotech and chance of bonus or split issue given the high reserves as a proportion of paid-up equity capital and high stock price.

ONGC -> Profitability from overseas exploration assets by OVL and the next round of NELP Blocks on Lease.


(I own all the stocks listed above either in my own personal capacity or as advise to clients, given their strong fundamentals)