I Am Back
Posted by Sandeep Abbott on December 28, 2007
I was away for last three months and could not keep up with my readings and writings on the blog. I am back and shall soon start postings.
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vij123 said
Need advice on Infosys stock. Closed at 1452 today which is pathetic. Need advice considering long term (1 year) . How is the stock expected to behave in this year?
Sandeep Says:
I think stock shall underperform severly over next year. Not a stock to be in at this time of the stock market. Shifting to Gr-A momentum stocks at this time should yield better results.
vij123 said
So are you saying I should sell them now at this rate?
I am sorry if the question sounds silly however this is because I am not too much into stocks and prefer MFs.
Sandeep said
I think infosys and other tech stocks should be sold to buy some other stocks which are currently in vogue. You could consider L&T or BHEL in cap goods sector, ICICI , HDFC or ICICI Bank in banking sector, Bharti or REl comm. in telecom and so on.
I thinks techs and other export focussed industry are not likely to get markets favour for quite some time.