Sensex At 10,000 -- Top Stock Picks --

Finally the BSE touched the 10,000 level and hit the below that level also so what are the top picks at current levels.

Here are the top picks of mine (CMP)

Bank of India - 262
ICICI Bank - 370
Lanco Infra - 130
Indiabulls - 104
Ranbaxy - 240
IFCI - 23
R Com - 230
Suzlon - 80
Telco - 200
Adani - 320

( I have holding in many of the above stocks )

All stocks are multibagger for coming days so just start buying them.

Bank of India Q2 net rises 80% on robust credit growth

Bank of India reported an 80 per cent growth in second quarter net profit, beating analysts’ predictions.

Mr T.S. Narayanasami, Chairman and Managing Director, attributed the better-than-expected results to robust credit growth and healthy recovery of written off assets.

The bank’s net profit increased to Rs 763 crore from Rs 425 crore in the year-ago period.

Analysts tracking the bank had predicted a 33-35 per cent growth in bottom line, in view of the rising cost of funds.

However, the bank’s net interest margin (NIM) improved marginally to 3.2 per cent from 3.04 per cent, despite the cost of deposits increasing to 5.79 per cent from 5.53 per cent in the year-ago period. The average yield on advances fell marginally to 9.79 per cent from 9.99 per cent.

The stock is currently trading at 262 down 3% ( on 23 Oct , 08 at 13 Hrs IST )

Holding of Lehman Brothers (Could face selling pressure)

Lehman Brothers May Have to Put Itself Up for Sale 2008-06-04 03:43 (New York)

June 4 (Bloomberg) -- Lehman Brothers Holdings Inc.'s balance-sheet troubles
threaten to harm the wider financial system unless the bank takes decisive
action, the Wall Street journal said in its ``Heard on the Street'' column.
*The company, which is likely to report a second-quarter loss this month,
may be forced either to sell all or part of itself to a bigger financial
firm or sell a large quantity of new shares, the newspaper said.* If it were
to go for the outright sale option, Lehman might, at the right price,
attract interest from Blackstone Group LP, Citadel Investment Group LLC or
J.C. Flowers & Co.,the Journal said.The investment bank has seen its shares
fall for two days in succession and they're now 22 percent below their book
value, reflecting investors' concerns about the values put on its assets,
many of which are backed by poor-quality real-estate loans, the newspaper
said. While a plan to sell as much as $4 billion of new stock is being
considered, the share-price decline makes it harder to do that, and as
Lehman's market capitalization has fallen to about$17 billion, $4 billion is
equivalent to almost a quarter of the company, the newspaper said.
Investors might, in any case, want the bank to raise more than $4 billion,
to cover any future losses from marking downasset values, the Journal added.



HOLDING::::

Develop.Cr.Bank

Spice Mobiles

Prajay Engg

Edelweiss Cap

KPIT Cummins Inf

Anant Raj Inds

Pion. Embroider

GTC Inds

Prithvi Info

Champagne Indage

Orbit Corporatio

Godawari Power&I

IOL Netcom

Aztecsoft

West Coast Paper

Indo Asian

Consolidated Con

IVRCL Infrastructure

Spice Communication

RBI hikes CRR by 25 basis points; key rates unchanged

The RBI on Tuesday hiked the cash reserve ratio (CRR) by 25 basis points to suck out excess liquidity, a move aimed at tempering demand for loans and easing inflation from three-year highs.

A cash reserve ratio (CRR) is the percentage of bank reserves to deposits and notes.

Although it left key short-term lending and borrowing rates (repo and reverse repo) and Bank Rate unchanged, it hiked Cash Reserve Ratio for the second time in a fortnight to 8.25 per cent. Today's increase would suck out over Rs 9,000 crore excess funds from the banking system, while the 50 basis points increase in CRR announced on April 17 was aimed at squeezing out Rs 18,500 crore from the system. The move is aimed at fighting inflation, which is ruling at an intolerable 7.33 per cent. The high rate has prompted the RBI to revise its inflation comfort band from the earlier 5 per cent to 5.5 per cent.

Analysis of Recommendation made on 26th December 2007

IndiaBulls Financial @ 990 ....... hit a high of 1030 pre demerger and 935 post demerger means a gain of around 30% post demerger.

Jp Associate @ 434 ..... hit a lifetime high of 500 gain of 15%

Adani @ 992 hit a lifetime high of 1330 gain of 34%

Divis Labs @ 1812 hit a high of 1990 gain of 10%

IndiaInfoline @ 1612 hit a high of 1975 gain of 24%