CMP: 410

Tata Investment Corporation Limited invests in land, stocks and debentures. The Company has been granted a mandate allowing it to takeover the management and control of companies.

Tata Steel, Tata Motors, Tata Power, Tata Chemicals and Indian Hotels is where bulk of their investments are put in. This is not exactly a growth stock. Its a defensive bet that one can swing trade on. It runs at zero debt with 77 Crores cash in hand. Both revenues and profits have been static around 200 Crores in the last 5 years.

Once can buy at current over-sold markets and book profits above 450.