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Showing posts from August 19, 2007

six under valued stocks that have potetial to grow--OUTLOOK MONEY

18 Aug 2007Get high on growth  We list six under-valued stocks that have the potential to grow. Give your portfolio wings with these stocks. But, don't forget the associated risk.  
Anand Rawani
page 1 of 1Buy cheap and sell dear. A simple formula for making money. From this obvious thought rose the highly developed science of 'value investing', which aimed at digging below the surface of company reports to discover the inherent value of a company's business. Early gurus of the game, like Ben Graham, made fortunes for themselves and others by identifying under-valued stocks and holding them till the market recognised their true worth.The bull phase that has ruled our markets since 2003 has resulted in a situation where the average Nifty stock sells at over 5 times book value. Finding undervalued stocks has, therefor…

Abban Offshore blows hot as Great Offshore sets on Norwegian expedition

Aban Offshore had surged 5.4% to Rs 2717.80 at 12:21 IST on reports that Great Offshore was close to buying Norwegian firm Petrojack SA. Great Offshore had moved up 0.99% to Rs 779.95. The BSE Sensex, meanwhile, was up 352 points, or 2.49%, to 14,497, tracking firm global markets after the US Federal Reserve slashed the discount rate at which it lends to banks by half a percentage point to 5.75% to tackle liquidity problem. On BSE, 12,962 shares were traded on the counter today. The scrip had an average daily volume of 32,892 shares in the past one quarter. Shares of India's fifth largest oil exploration and allied services company by sales had hit a high of Rs 2769 and a low of Rs 2690.05 so far during the day. They had touched a 52-week high of Rs 3179.90 on 13 July 2007 and a 52-week low of Rs 1010 on 30 October 2006. Aban Offshore had underperformed the market over the last one month to 17 August 2007, declining 14.66% compared to the Sensex's fall of 9.06%.…