Stock Trading Tips, Analysis & News

At friday IOB (Indian Overseas Bank) hits all time low 60/- in intraday and closed at 60.95 by end of day..It is good opportunity to invest into IOB as share is extremely cheap according to me and one can easily get approximately 80-100% return in this counter.
Its price per earning ratio P/E is 2.67
52 Week High  190
52 Week Low   59.50

Net profit 388.4 Cr Quarterly

Its P/E is really very low as compared to other Banking Sector stocks where P/E is more than 4.

On friday Gold hit record price of 14400 on MCX. It seems like investors are bullish on gold as it is comparatively safer than stock market investment. I think market can go down from here as peoples are withdrawing money from share market and investing into gold. The same thing was happened in Nov 2008 when market marked its low 7500 level on the eve of Diwali & Gold was moving up.

Now Hinduja has joined race for Satyam.The group has sent a formal communication to the investment bankers of Satyam expressing its interest in Hyderabad-based software exporter… Hinduja Global Solutions, the new industry arm of the Hinduja Group, has $130 million of cash in books to mount the takeover bid. “If a proper and transparent bidding process is followed, we are definitely interested in Satyam.

I think this news can boost Satyam share at beginning on Monday trade..But I am waiting for SEBI’s meeting on 2nd FEB, in which they likely to take decision about Open Offer price.

Meanwhile some newspapers like Loksatta continuously publishing negative news about Satyam from first day. I suspects about theirs attitude. In Loksatta past few days a news was published that “Satyam is involved in efraud” and Today they published that people says SEBI should delist Satyam or stop trading on Satyam as many companies are joining race for Satyam to increase their share value only. Really funny newspaper though it is major one among Marathi peoples. It seems like they are publishing such news on behalf of infosys, they are advocating infosys. If you get a chance then complain against this negative campaign.