There are 3 stocks that I recommend purchasing at this current market levels which is moving close to 30 month highs. These stocks have been beaten lately and are available at a very fair valuation, bound to give good returns in near future.

#1. Tata Steel – This stock was beaten down from the levels close to 700 to 460, due to bad news circulating in the metal sector. But then after consolidating in its lows, it started moving up and now is priced at 537. The stock is available at a very reasonable price and it is bound to move up, atleast back to 650-700 levels in a few months. I’ve been recommending people to purchase this from below 500 levels, its already run up 10-15% and will go up more, let the time pass. Tata Steel is a big company and certainly one of the best steel sector company out there.

#2. Reliance Industries – If you see the pattern, the stock’s lows are 980-1000 and the highs are 1070-1080. The stock has created a very nice trading pattern and right now it is available at 1010 which is its recent lows. Reliance had announed its results which was pretty good and inline with expectations, yet the stock got unnecessarily beaten down to its lows. It is a perfect time to get back into the stock because it will again start moving upwards very soon. From a long term perspective, the stock is really interesting and will definitely be giving huge returns. Reliance is a giant company with surplus cash. All these surplus cash will be used in buying/investing into other companies which will increase the profits. Now as the company will show growth quarters per quarters, the stock price will move up. You must invest into this stock for a long term, bound to make good profits.

3. Jaiprakash Associates – Jaiprakash Associates is another good company I recommend buying into. The stock has made a nice trading range of 117-134. The stock posted its results which was not inline with market expectations and so got beaten down to its lows. Close to 118 is its massive support zone and I believe the stock will take its support there and move up again. This company is fair valued and you must invest into the stock from a longer term perspective. The company has a lot of projects coming up and stock will move up as they post growth and profits. Buy into the stock at 118 levels and sleep tight, book nice profits in future.

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