GAIL is an excellent long-term pick at Rs350

GAIL (India) is the largest natural gas transportation company in India with 6,700km of high-pressure pipeline and a capacity of carrying 148 million standard cubic metres a day (mmscmd) of natural gas. It has plans to expand the gas transmission capacity to 14,000km by FY12-13 which, in turn, will increase the transmission capacity by 150mmscmd....

Interlink Petroleum Limited (IPL) is a small company engaged in exploration of oil and gas. It has signed two production-sharing contracts with the government, one for the Baola gas field and the other for the Modhera oil field in Gujarat. In 2008, Jit Sun Investments of Singapore acquired a controlling stake in it. A lot of market punters are betting on this stock but it is just too risky,...

The Sensex may correct between 3,250-6,500 points over 3-6 months 
 

The Sensex (and the Nifty) has rallied by around 120% from a low of 8,047 (2,520) on 6 March 2009 to a high of 17,790 (5,330) in January 2010. This has happened without any real correction. Sometime soon, a ‘secondary correction’ within the overall primary bull market is bound to happen which would retrace around...