Saturday, December 10, 2005

Buy Petronet LNG and Tata Tele Services (10-Dec-2005)

Long term investors can buy into Petronet LNG and Tata Teleservices.

In an energy starved country like India, LNG will be a major source of energy. Petronet LNG is into building and maintain storage terminals as well as regassifiction. This company is a buy and hold for a period of 3 years.

Tata Teleservices provides telephone servies and has close to 6 million subscribers. Tata Group has recently stressed that it will invest moer into the Teleco business. The stock has on thursday (08-Dec-2005) crossed the 10 Day, 50 Day and 200 Day Simple DMA. This clearly indicates that this stock is in for an upmove. This again is a long term hold.

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