The market has reacted slightly on account of reverse political development against reform initiative taken by the government recently which is unlikely to sustain any longer because the parliament is not in session, which can upheaval govt.enstance.
Any impact of Mamta Banerjee withdrawing support may on the contrary help the UPA Govt. to think for an alternative strategy.
The Market in view of this will regain its strength after a short while.
ARVIND LTD : The stock of Arvind Ltd had made a high of Rs.114/- which was sharply corrected to a low of Rs.65/- on account of strike in one of its units in Ahmedabad for a short duration.
The stock is still highly under-priced looking its excellent future being the leader in denim and higher export. The company has started paying dividend after the break in last few years.
Arvind is also diversifying in real estate in collaboration with Tata on its vacant land which will further boost its bottom line. At current market price of Rs.72/- it is good to buy.
Ashok Leyland:- The company is a leader in manufacturing heavy vehicle sectors like bus and trucks which is in good demand.
The company has recently introduced light weight vehicle namelyDost which has received a good response.
The stock which had recently hit Rs.34/- was corrected by 40%. The stock @ Rs.21/- to Rs.22/- is a good buy for 50% gain in next few months.
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