Add Ranbaxy on every decline: Vijay

Portfolio Manager, PN Vijay is of the view that one can add Ranbaxy on every decline.

Vijay told CNBC-TV18, "It is difficult to make a call on the recent US government charges against Ranbaxy. To me it seems a bit like a fishing expedition because Ranbaxy has been global and in the US for so long. They have learned the ropes. I do not give that much credence to this report as one would otherwise it was a smaller company and I like Ranbaxy. I think there is a huge spin off of Rs 737, let us not forget coming anytime now, they are getting very global and it is a top class company. It has got a steady earnings growth, which is hard to combine. So I would at every decline add on to my Ranbaxy. "

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.