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Sure Shot Indian Stock for Investment

Posted By On 11:03 AM Under

Videocon industries is one group which is targetting expansion in all the growing sectors and the one sector in which it3 is expanding is the DTH sector. The company has been in news since last month due to launch of its DTH services. The company is targeting 1.5 million subscribers initially. It will roll out in North first especially Punjab then it will move southwards to Karnataka by Oct-Nov.

Videocon Industries is also growing in consumer durable segment. It is a $3.5 billion diversified business conglomerate which is engaged in manufacturing, marketing, distribution, power generation and oil and gas. It is also planning to set up a 1,000 MW hydropower project in Uttaranchal with an investment of Rs 6,000 crore and is also going to build5,000 MW of electricity capacity in Gujarat, West Bengal and Chhattisgarh. Company is also planning to expand in telecom sector with 60 Billion of investment in all 23 circles.

Videocon Industries is expanding in oil & gas segment and has joined with BPCL and has also signed an agreement with Encana, of Canada for buying Encana’s participating interest in Brazil exploratior activities.

Thus one can call this tip as a sure shot Indian stock for investment for decent returnsat BSE and NSE.
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