Saturday, March 7, 2009

Companies where LIC has raised stakes recently...!

As indices have been falling recently, slowly LIC has bought some stocks; mainly they are banks which have faced most of the selling pressure.

Below are some of the companies where LIC has raised stakes recently

StockStake hiked to (%)

ICICI Bank 9.38

GAIL 9.98
IOB 7.09

HDFC Bank 7.105

PNB 10

As an investor, you should not get tired of buying. Peter Lynch once said, "When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom."

Bear market is the best time to build a portfolio. Those who miss out on such opportunities, have to beg for corrections so that they can get a chance to buy, but they hardly get any offerings. The time is not too far for the rally. Better to be a beneficiary of a bull-run than a beggar of a bull-run.

Source: Various news reports


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