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Stocks that can propel Sensex to 13K
Rajesh Kumar, Moneycontrol.com | September 15, 2006
Will it happen? When will it happen? Amidst all such deafening voices, the bulls finally managed to take the market to the dizzying heights of 12000.
Now that the psychological level has been achieved what the next level, that the bulls would be looking to gun down? Will it be 13K? If yes, which stocks will pilot this flight to that mark?
Jagdish Malkani of NSE is recommending being in the cement stocks. "Cement has taken the place of sugar. Clearly, cement is having a great run but again prices have run ahead of themselves. Maybe it's a time for bit a correction down the road but clearly one should be in that sector," he says.
Sumeet Rohara of Antique Broking seconds that thought. He too thinks that there is great potential in the cement stocks. In terms of stocks, he thinks ACC and Gujarat Ambuja [Get Quote] can fuel that rally from 12K to 13K. He is also looking at Reliance [Get Quote] to be at the vanguard of that rally.
Gaurang Shah of Geojit Financial Service is also pinning his hopes on Reliance to take the markets to new highs. From IT and FMCG pack, he thinks the leadership will come from Infosys [Get Quote] and HLL [Get Quote].
Investment advisor SP Tulsian is very bullish about the market and is expecting it to close in to the 13K mark following the Q2 numbers. He thinks the leadership will come from cement, IT, hotels, auto and real estate stocks.
In terms of stocks, he says ACC and Gujarat Ambuja, Infosys, Wipro [Get Quote], TCS [Get Quote], Maruti [Get Quote], Tata Motors [Get Quote], Century Textiles [Get Quote], Bombay Dyeing [Get Quote], Unitech, Mahindra Gesco, India Hotels, EIH and Reliance will lead that rally.
Deven Choksey of KR Choksey of Securities says that if the markets are to take a shot at the 13000 mark, the heavyweights need to pitch in. He is looking at stocks like Reliance, Bharti, HLL, Wipro and Tata Motors. He likes Reliance because of its organic growth and the valuation building exercise through new businesses.
"The company is building its valuation in terms of new businesses. It is getting into oil & gas exploration, it is in petroleum and is also debuting in retail," he says.
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