NMDC is now in its diamond jubilee year. This cash-rich company may reward its shareholders with a bonus issue or a hefty dividend. Buy.
In a Satyam Computer style bail-out salvation package, the new Board of Directors led by Uday Kotak along with shareholders’ nod to garner additional funds makes the IL&FS group a decent buy. Investors willing to take a risk may enter.
Realty firm Puravankara’s joint venture Keppal Land is buying land worth Rs.450 crore for constructing a 1,60,000 sq.ft. retail cum office facility. Buy. Although Sun Pharmaceutical Industries faces challenges in the US markets, the management expects better revenue realisation and higher profitability there. Buy.
The government plans to blend LPG with methanol in order to reduce the cost of home cylinders. Buy Bharat
Petroleum Corporation and Indian Oil Corporation. Also since ONGC has deferred its stake sale in IOC for want of higher prices this makes IOC an excellent long-term buy.