2007-12-10 16:19:42 · 5 answers · asked by rakesh r 1 in Business & Finance ➔ Taxes ➔ India
For a sum of Rs.1,000, you hardly get any share. All the so called good shares price is more than Rs.1,000 per share. For purchasing shares, you should have a PAN card. You should have a demat account. You should open a account with a share broker.
Demat account will cost nearly Rs.300/- to Rs.600. Opening account with a broker is not passable for you. Because they will not accept to open a account for your Rs.1,000 worth of shares purchase. So forget investing Rs.1,000 in shares. Go for some bank deposit.
2007-12-10 19:33:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Assuming tht u have a pan card and a demat account:
its a fact tht 1000 rs are worth nothing in todays market.Good shares obviously starts from 500-600 per and only these shares can provide good short term profit.
As per ur budget is concerned u cant earn much but some shares for a short term prospective like 2 - 3 days trading and according to ur budget are :
1)tata tele
2)reliance natural
3)bellary steel
4)gujrat state finance corporation
5)E.star
6)cals etc..
2007-12-10 20:24:22 · answer #2 · answered by ankit setia 1 · 0⤊ 0⤋
That seems to be about £12 .. about the same as the dealing charges in UK .. so the quick answer (in the UK) is 'none' (you would need to invest at least 100,000 Rs. or £1200 per share, if you hope to see any sort of profit after charges)
You may be able to purchase something in India (assuming 'zero commission' dealers exist).
2007-12-10 19:07:50 · answer #3 · answered by Steve B 7 · 0⤊ 0⤋
purchase 150 shares of UCO bank......they are priced at reasonable level and the chances of increase in price are tremendous.......looking to the mergers and acquisitions that will take place in 2009.
2007-12-12 03:47:11 · answer #4 · answered by bansalludhiana 1 · 0⤊ 0⤋
Invest it in a safe bank deposit account.
2007-12-10 18:20:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋