The RBI has so far done a great job by balancing the interest rates and growth. The finance ministry has been repeating that food inflation should ease by the year end. If it is the base effect to bring about this change, it will be just a number on paper to boast of. The real challenge is to remove supply side bottle necks and regulate the supply chain even more. In this inflationary market scenario, the FMCG pack is leading the way, Dabur declaring a bonus issue! The stock BATA looks quite promising with the FMCG flavour and the retailing theme to support it. The age old brand has never been able to capitalise on its strong brand recall and all credit for this goes to the management. I still think Bata could be the one to put your money in for a steady return. What say?

Hi Guys,
Guess you have been sitting on boring markets. The markets are showing good strength amidst a lot of negative news flow on the Eurpean front. I think our worry should be high food prices in India and not the Eurpean markets. The high inflation suggest that rate sensitives will suffer. Look out Tata motors and Maruti and other auto majors. If they still move up I think it will be on the back of their individual story. Well as for me I think the best bet is the laggards. Any guesses? The likes of Satyam. Why not Satyam itself? the 88 barrier on the lower side is strong. The breaking of the 99 barrier on the higher side is a good possibility. That's my take in this already expensive market. any better ideas?

The buy back form Hind Lever suggests that the share value is seen as undervalued by the management. There was this buy back offer some time back which was not much spoken about. Apcotex industries bought back shares from the market at Rs.88 when the share price was at 75. Now the price has climbed to 125. This is one scrip to watch out for.
Also the StanChart IDR seems to be a good investment option. This is one foreign bank with concentrated presence in emerging markets. I think they could be well positioned to deploy low cost funds in emerging markets and thereby enjoy healthy NIM (Nett Interest Margin). The markets may be rangebound. But let me tell you there is lot of underlying activity.