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Chat Transcript

22 Nov - 11:00 hrs

Devang Mehta | Sr Vice President - Equity Sales, AnandRathi

 

Would equities do well in coming times?

Chat Transcript

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guest: View on ITC for 3-4 years
Devang Mehta: We feel that ITC can do very well over time horizon that you have mentioned, a portfolio stock that one should buy & hold for long term...
guest: what is the long term outlook on tata motors
Devang Mehta: Tata Motors is now reaping the fruits of the acquisition of JLR, which is continuing with its excellent performances quarter over quarter, buy on all dips
guest: SIR, I HAVE JSPL 60 SHARE @471/- WHAT I DO?
Devang Mehta: Deep currency depreciation has been seen in 2QFY14, particularly in the second half. We believe that, in the short run, the performances of steel manufacturers would continue to be squeezed by oversupply challenges. Profitability is now dependent on currency pricing in the medium term but the re-alignment of market shares is making regulated manufacturers stronger. Considering its robust capacity expansion, and its balance-sheet deleveraging from FY15, we prefer JSPL
peeyusharas: what are the targets for hexaware and tvs motors for medium term?
Devang Mehta: We like TCS & Infosys among the large caps in IT & in Autos we prefer M&M to TVS Motors
devang221266: Sir, what is your opinion about adding some FMCG stocks which should one invest in?
Devang Mehta: We like Midcap FMCG stocks like Pidilite Industries, which came up with great set of numbers, Havells from the fast moving electrical goods, Bajaj Corp on the back of continuous market share gains for its Bajaj Almond Drops hair oil
dnarayana9: Hi ,Is it right time to book the profit on stock DISHMAN Pharma? what is your call on Andhra Bank and Union Bank?
Devang Mehta: We continue to like pharma space selectively. Our top picks are sun pharma, lupin, cipla. Rather than Union Bank & Andhra Bank, we recommend being in Private Sector banks like ICICI Bank & Axis Bank in large caps & Karur Vysya, ING Vysya & CUB in the mid cap space
achittu: Sir, your view on Tata Global Beverages ?
Devang Mehta: Tata Global Beverages (TGBL) is a global beverage business; its brands have presence in over 40 countries. The Company has significant interests in tea, coffee and water and is the worldç—´ second largest tea company. Company has increased the advertisement expenditure in Q2,14 for brand promotion and new product launch because of which Q2, 14 margin is subdued. We believe advertisement expenses are incurred to create long term benefit hence one has to see long term implication of advertisement. We believe recent correction in the stock has given good opportunity for long term investor. We value the company at 19x (median PE of last 5 years) FY15e EPS and arrive our expected value of Rs. 174.
achittu: Is it a right time to enter Tata Global Beverages ?
Devang Mehta: yes it is the right time to buy the stock
bsharathshetty2: what is your opinion on tataglobal on long term.
Devang Mehta: We like Tata Global, We believe recent correction in the stock has given good opportunity for long term investor. We value the company at 19x (median PE of last 5 years) FY15e EPS and arrive our expected value of Rs. 174.
devang221266: Sir, what is your opinion on Lupin and Cipla?
Devang Mehta: We are positive on both the stocks & should be bought & hold for the long term.
devang221266: Sir, what would be your pick on tyre companies? Ceat, MRF or Appollo?
Devang Mehta: Tyre companies have run up a lot on the back of reduction of the rubber prices, the impact of which we have been seen in the the stock price performances moving up fiercely. We will wait for some time.
guest: Please suggest some stocks from banking,engg,IT sectors we can enter in for long term prospective ??
Devang Mehta: Banking: ICICI Bank, Axis Bank, Karur Vysya Bank NBFC : REC, PFC, LIC Hsg Fin Engg: L&T, Cummins IT : TCS
bsharathshetty2: Sir, Your opinion on LICHF and LNT Fin. who are the major contender for banking license.
Devang Mehta: We like both the stocks, buy on dips
moderator: Thank you Mr. Mehta for sharing your views. Thank you to all the participants for posting their queries. If you have any suggestions about this chat you can send an e-mail to feedback@moneycontrol.com.
SENSEX   | NIFTY  

Chat Transcript

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Would equities do well in coming times?

Devang Mehta,

Sr Vice President - Equity Sales, AnandRathi

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