Stock Trading Tips, Analysis & News

1) Kiran Karnik new chairman of Satyam claimed that Satyam not cutting down manpower & news of cutting down 13000 employees are rumors

2) Satyam getting new clients as well losing some clients. Kiran Karnik said its common and happens with every IT company.

3) Govt. not willing to sell Satyam at the earliest because real value of Satyam may be higher.

4) Sebi wants 2 more days to probe Raju because they suspects Raju has bought 6500 Cr land through Rajayya a congress man

5) Clever L & T want to get Satyam at very very cheap price.

6) Satyam is trading in a range of 45-49 nowadays.

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.