The Stock Market is a market which deals in stocks of companies belonging to both the public sector as well as private. The Indian Stock Market is mostly referred to as the Share Market because it deals primarily with shares of various companies listed in for trading.
The stock market is a viable investment option at hands for investors in India. Since Indian Stocks market is showing strength and making steady gains over last few years barring few low ebbs it is wise to prefer stock market as reliable mode of investment than other investment options.
CMP: INR665.60, Target: INR912.00
Potential new contracts – await pricing and duration
Aban is actively looking for contracts for DeepDriller6, DeepDriller7 and ABAN VII; we believe the contract dayrates and durations will determine the outcome of the other contracts that come up for renewal in 1H09. We believe if Aban is able to place the rigs under long-term contracts, it will be a key positive for the stock. Market perception about Aban’s ability to lock-in long-term contracts is fast eroding, which is evident from the sharp sell-off in the shares. In addition, the company’s ability to service its loans as well its interest is also being questioned amid a global oil price slump.