Alibaba and Yahoo have been steadily crankin' these past few weeks even when the rest of the market has been chopping up. I've been trying my new strategy on YHOO options and have been doing well. I also picked up some BABA too. Technically they are both on a trend and the "trend is your friend." Fundamentally they both are sound companies and trading at low multiples,Yahoo especially. The P/E for the technology software service industry is 20-60 and YHOO is at a bargain rate of around 6. With all that new 6-8 billion in cash from selling some BABA IPO shares, that is a serious discount.
Indian Hume Pipe Company has secured a work order worth Rs119.73 crore from Public Health & Municipal Engineering Department, Govt. of Andhra Pradesh, under the Water Supply Improvements Scheme under AMRUT project. The project is to be completed within 15 months.
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