Thursday, April 17, 2008

Wait and watch

Stock market is going up and down. There is no sign of stability. Inflation is rising like a rocket. Earning session is already started and main result of Infosys has given tonic to market. This is time to wait and watch only. Keep watch on companies declaring dividend and currently trading at it’s 52 week’s low. I can suggest one company like this. It is Essel Propack BSE code ( 500135 ) current market prize is 39.5 and declared 60% dividend ( Rs. 1.2 per share because face value is Rs. 2 ). It’s record date is also in this month.
As on today midcaps and smallcap have recover very smartly still so called experts are saying this not a start of fresh bull run. This is only consolidation period. Keep your money rotating in different stocks.

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