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Hot India Stocks 2011 -
Stocks to Buy - Indian Stocks - Rediff.com India
Ltd. (REDF) - Rediff.com India Ltd (REDF) is my top India Stock Pick for 2011.
Rediff.com India Limited provides online Internet based services with a focus on India and the global Indian community. Its
Websites consist of interest specific channels relevant to Indian interests, including cricket; astrology; matchmaker and
movies; content on various matters, such as news and finance; search facilities; a range of community features comprising
e-mail, chat, messenger, and e-commerce; and broadband wireless content, as well as short messaging services for the mobile
phone subscribers in India. REDF stock has been active over the past three months and trades $5.20 in the first trading day of 2011.
I have been trading REDF since the stock spiked from $2 to $6 during the fall of 2010. While this is a risky stock to
buy, I feel best owning REDF below $5.00 per share. An even better buy would be below $4.00 which I would feel very
good about owning this stock. Rediff.com has a 52 week high located at $6.25 and if the stock breaks above that, It
could easily trade $8-$10 sometime in 2011. Watch REDF in 2011.
#2 Top India Stock Pick 2011 - India Stocks
- Dr. Reddy's Laboratories Ltd. (RDY)
- Dr. Reddy's Laboratories Ltd. (RDY) stock ranks high on my watchlist in 2011. Dr. Reddy's Laboratories
Limited, together with its subsidiaries, operates as a pharmaceutical company. It produces finished dosage forms, active pharmaceutical
ingredients and intermediates, and biotechnology products. The company also conducts research in the areas of cancer, diabetes,
cardiovascular, inflammation, and bacterial infection. In addition, it involves in the contract manufacture generic prescription
and over-the-counter products for branded and generic companies in the United States.
Pullbacks below $34 are very attractive and if RDY breaks above $42, it could easily run toward $50 in
2011.
#3 Top India Stock to Buy - India
Stocks - Tata Motors Ltd.
(TTM) - Tata Motors Ltd. (TTM) is the leading car production company in India. TTM stock is currently
trading at $30 which is pricey but a pullback below $25 would be attractive. Tata Motors Limited, an automobile company, engages in the manufacture
and sale of commercial and passenger vehicles primarily in India. The company offers cars, utility vehicles, trucks, buses,
and defense vehicles, as well as develops electric and hybrid vehicles for personal and public transportation
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