STOCK PICS - WELSPUN GUJARAT

Welspun Gujarat is a stock that is still commanding a premium to many similar priced cos. With a PE in the 18+ zone it cannot be termed exactly cheap, but its a good company that has been showing a good growth in profits QonQ. In fact the profit nos have doubled over 4-5 quarters. The stock is fundamentally very strong Currently there are very few stocks that are not in the negative zone, so Welspun is also no exception but once the markets recover it should be a good performer and can be expected to maintain its out performance vis -a-vis other stocks. The accumulation/distribution charts have been rising again after dipping since Feb, this shows a renewed interest in the stock(or atleast indicates that people are not dumping the stock big time, as most of the stocks have been in the recent past). All in all a good stock, and nothing comes cheap!