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Sensex Looking At 23000

| 1/10/2013 9:05 PM Thursday

After the rather tumultuous year that 2012 was, 2013 seems to have begun on a rather soft and sober note. The worries seem to be fast dissipating and things seem so far so good. I am sure our readers would appreciate that around July 2012, Dalal Street Investment Journal was among the first to have talked about an impending improvement in the overall macroeconomic factors, which were expected to have a positive impact on the market sentiment and provide an upward push to it. Towards the end of the year, we also hit the bull’s eye in calling the market bottom, and it makes us feel proud that we were instrumental in helping our readers gauge the markets in a precise manner during the most difficult times.

Grappling in the dark is not our style, and we take calls based on the thorough research that our team conducts. Be it with respect to the economy, sectors or companies, our cutting-edge analysis has been of help to investors for over 26 long years now.

Stepping into a brand new year, we intend to continue with the same tradition of providing you the best of the research, and thereby, help you benefit from investing in the markets. We begin with identifying for you the four best sectors to invest in during 2013. As usual, our team has put to work a stringently tested methodology to arrive at the selection of these sectors for you. Very briefly, it includes present valuations, the performance of sectors and their relative outperformance vis-à-vis the broader markets, the weightage of the sector in the broader indices and last, and most important, the future growth potential of the sectors. From this rigorous filtering, Banking, Capital Goods, Metals and Auto emerge as the four sectors that are expected to do well in 2013. For a deeper analysis, read our Cover Story.

For those who have seen through multiple cycles of the market, auto component companies would surely have found a place in their portfolios somewhere in the mid-2000s. A few companies have created a niche for themselves in this sector. We have looked at one such company, Bharat Forge, which we think is a good bet as a long-term investment. Why? Read on to learn more.

Consider that you had invested Rs 6250 way back in 1978 to buy 250 shares of a company. If you would have been sitting on 14080 shares valued at a massive Rs 2.48 crore today, doesn’t that sound just too good to be true? But it is true. Colgate is the company we are talking about. Despite all the competition in the market, this company has stood the test of time to figure among the top three companies in the oral care segment. Thus, Colgate is our recommended Choice Scrip this fortnight.

Our Cover Story would have told you that we are bullish on the metals sector. Extending the same at a micro level, we are recommending state-owned steel manufacturer SAIL as our Low Priced Scrip in this issue.

I would like to sum up my edit by commending one state which has set an example for others to follow – Gujarat. It has managed to beat all others hands down in terms of growth and prosperity. This year, the state hosts the sixth ‘Vibrant Gujarat’ summit. Likewise, bringing investors and businesses from all over the world under one roof is the need of the hour for every state, as this can help usher in overall and inclusive growth in the real sense of the term. In our issue, we bring to you a brief on what Gujarat has achieved over the years, simply by doing things differently rather than doing different things.

Do keep a track of our other regular sections including the Hot Chips and stocks that have some buzz on the grapevine, as these could fetch you some quick returns. We will continue to track the macros and the micros for you so that you can book profits this year too. After all, our best estimate on the Sensex this year is for it to touch at least 23000 by the year end! Do send me your feedback at editorial@dsij.in

 

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