Stocks Screnning

I have been jotting down stock ideas from various News Papers & Magazines. Some are currently available cheap, some are trading to their 52 week low. Some of them are familiar name so I am going to add 3i Infotech for now. It also shows attractive on PEG Ratio & has an "Affordable MRP" :)

File with complete list of 47 stocks is available here. I would like to take a deep look at few more stocks in this list and take an investment call. However, I am already invested full in Stocks right now and don't have a great appetite for investing substantially more. 3i Infotech, I have been eying for sometime.

During 2008 crash, it had gone down to Rs.25, I recollect. One reason I thought to avoid this was IT Software business. Already being long on Infosys & MindTree, I was not sure if I should add more. Over the period of time, I have allocated Infosys for a different purpose and are now out of my investment purview. MindTree I sold off few months before to garner capital for IPO.

Just reversing the logic i.e. Stocks close to their 52 Week high but low PE results in Shree Ganesh Jewellery, Ind Swift Laborataries etc. Will check these out later.

Punjab & Sindh IPO listing was disappointing today. We are hardly breaking even at the current price, including cost of funds. With enhanced limit for Retail subscription & experience like Coal India, my sense is, much money is on from Retail segment and 'making money' will continue to be difficult :)

Regards, Rohit