The equity market went in a tailspin in October 2008 and lost as much as 40% in a matter of a few weeks at one point of time, before recovering part of the loss after a change in the mood in the Muhurat trading session. Though extremely high volatility can be a torrid experience, it is actually an opportunity for investors looking at gradually building their investment portfolio. It is only in times of extreme panic and pessimism that some of the quality front-line stocks can be picked up at throwaway valuations.
Falling markets actually present a very good opportunity to buy fundamentally-strong & blue-chip stocks and build up a strong portfolio for long term. Moving ahead with this intention, I have drawn following package of impressive stocks:
| Stock Name | Current Price | Price Target |
| Aban Offshore | Rs 970 | Rs 2,624 |
| Bharat Heavy Electricals Ltd. (BHEL) | Rs 1,403 | Rs 1,546 |
| Bharti Airtel | Rs 648 | Rs 985 |
| HDFC | Rs 1,702 | Rs 2,805 |
| Hindustan Unilever | Rs 250 | Rs 280 |
| ITC | Rs 175 | Rs 218 |
| Larsen & Toubro | Rs 870 | Rs 1,802 |
| Lupin | Rs 691 | Rs 840 |
| Maruti Suzuki | Rs 600 | Rs 679 |
| Shiv-Vani Oil & Gas | Rs 290 | Rs 482 |
| Zee News | Rs 37 | Rs 61 |
Note: Current Prices are as of November 7
