Stocks to buy in the Indian Stock market !

Its been some time since I put my foot, the whole of it into my mouth !!! So I thought this is a good time to do so by publishing online what stocks I follow and buy.

The markets have been trashed out of shape for a whole lot of reasons and stocks are at such mouth watering levels that I can no longer stay out of the market (For the record, I moved every last penny out of the markets at a Sensex level of 15,000 for a variety of reasons). Having ridden the market on the journey from a Sensex level of 6,000 to 21,000, it is almost crystal clear to me that this is probably the best time of the decade to make money, even if it takes 3 years to do so.

Im no expert in the stock markets, but I have been fairly successful over the last 10 years in making money from it (even though a few of my friends insist on calling me lucky rather than smart !). I have made all the common/silly mistakes in the past and still continue to do blunders that change my portfolio from being a fantastic one to a moderately succesfull one. In fact I always land up with one dud stock my list that I keep averaging and it ends up screwing me up.

Why am I saying all this before I come up with my list ? Because disclaimers do matter in this corporate world and I do not want my ass to be dragged out by some loser who claims that he lost money trying to follow my advice. I do not want anyone to blindly look at this list, assume it is a good list of stocks, buy them, lose money and then come kill me !!!

So here goes the list of stocks that I own as of Oct 20th :

1. Reliance Ind
2. Reliance Capital Ltd
3. Punj Lloyd Ltd
4. Adlab Films
5. Neyveli Lignites
6. Jaiprakash Associates Ltd
7. Relaince Petroleum Ltd
8. Radico Khaitan Ltd
9. Welspun-Gujarat Stah
10. Tata Teleservices (Mah)
11. Reliance Communications Ltd
12. Glenmark Pharma
13. Suzlon Energy Ltd

And a list of stocks that Im eying like a hawk, waiting to get the next salary so that I can buy them !

1. Mundra Port
2. ICICI Bank (Little doubtful)
3. TISCO (Little doubtful)
4. Bharti Airtel
5. Larsen and Toubro
6. SBI Bank

This is my personal selections and are in no way a indication of what you should buy or sell. Let us see how I do in a few months from now.