
Market will See Selling...........in Comming days .......
Look at frontline stocks if Sensex comes at around 12,500.
“This Rs 10 hike per bag in cement prices obviously is going to passed on, I think the demand for cement is pretty strong and the companies have come down to very compelling valuations. Just an example, Madras Cement is quoting today at about nine times the FY08 earnings. It is quoting at about 8.5-9 times, so I think valuations are looking compelling at this level but still I would be a bit away from these stocks, maybe we could see another 5% kind of correction. We could see the Sensex coming down to about 12,500, at that point of time, I may look at frontline stocks”, said Rajen Shah of Angel Broking..
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