2 Sleeping Giants Worth Investing Into
August 2, 2010 | In: Stocks To Buy
I have 2 mega stocks for you that are totally worth putting your money into. Both of these stocks have been sleeping for quite sometime and are a future gold mines. I would suggest to immediately buy some shares in these companies and hold it for a long time. They can rally up starting any day and it might be too late before your realisation factor hits.
#1. Mahindra Satyam – As we all know that the big scam of Raju caused the stock to fall to really low levels and how the stock picked up to close to 100 levels. The company has a turnover of over 8000 crores yearly and the stock is trading below 100 rupees per share. People are only waiting for the financial details that will be submitted in September and watch how the stock moves up then. A must buy!
#2. Reliance Power – This is another gold mine for you. The IPO was listed at 400 rupees and it went down to levels of 100. It is not stuck between 130-180 for a long time. You might think that this is a waste stock that hardly give any returns. Well true but that is because the company has not yet started supplying power. Watch the stock move up like anything on the day the project starts to function. The company is completing its phases before deadlines. Reliance Power is owned by Anil Ambani, it is bound to do good. Buy Reliance Power today and hold for the day their projects start and you will see levels of 400 as its first target.
One might argue that if the companies will take time to do good, then why invest now and not later? Then let me tell you, you will get stuck with the same thoughts till the day the stock achieves its high targets. Speaking from personal experience, I’ve often delayed of buying some stocks that were bound to do good in future, kept waiting till the day stock moved up. As the stock started moving up, I thought I’ll buy in correction phase, but still couldnt figure out the correct levels to get in. So it is better to be on the safe side and purchase now and hold, even if it takes a year or two to do good. Invest and forget the money like you’ve put in mutual funds or bank fixed deposit. I guarantee you much better returns than them both.
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