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Chat Transcript
11 Jun 2012 - 16:00hrs hrs
Ambareesh Baliga | COO
What's the outlook for the market?
Chat Transcript
| Ambareesh Baliga: Hi Everybody.... |
| rajaramkumar198: What is level for M&M after Exise announcement on dizel car. |
| Ambareesh Baliga: Excise announcment too may get deferred indefintely like the diesel hike as the pressure from the Auto lobby is tremendous to hold back such announcments. Secondly with the oil correcting, the scope of such an announcement reduces considerably... hence don`t really expect that annoucement. In case of announcement M&M could come down 10% |
| rajaramkumar198: Should i invest in BHEL. Tgt for 1 Year. |
| Ambareesh Baliga: BHEL you should start buying now around 215/- with a 12 month target of 280/- |
| mukeshwadhwani: sir,2000 IGL @260 u r view on it..? |
| Ambareesh Baliga: 260/- is possible in IGL but it no longer is an investment grade stock. It would be off the FII radar as none of the serious investors like government interference in the sector and specifically in the company`s operations. It has not become a traders stock and would move depending on the news flows. |
| luckar: Baling a sir, except large cap from reality sector, any good scripts from reality which can turnout to be multibagger. |
| Ambareesh Baliga: Oberoi and Puravankara could, but it`s a long shot. |
| babylakshmi: Dear Sir,200 SKS Micro finance @109 Please suggest what to do Thanks®ards |
| Ambareesh Baliga: SKS - average out around 62/-. We still beleive that the microfinance industry would undergo a major change with the micro finnance outfits like SKS becoming the front end/extended arm for the banking sector in the rural areas. They may not continue to have exposure to loans hence the business risk would be minimised. The banking sector would be leveraging on their reach which otherwise is not possible for the banks. Look at our report on Microfinance sector for details. |
| santhoshpmg: Dear Baliga ji, Which is a good bet in realty space- IS GMR / IVCRL at this rate be considered for 2- 3 years? |
| Ambareesh Baliga: Realty space I have discussed above. Among the infra stocks GMR is a good buy. Look at ILFS Transportation too. I am bullish on Road construction sector especially after the news of R P Singh becoming chairman of NHAI... he has been a go getter in his earlier assignments. |
| divya_1980: WHT IS TGT OF NIFTY WILL IT GO DOWN AGAIN |
| Ambareesh Baliga: On the downside 4750-4800 is a good support level. Inspite of all the adverse news hitting us about 2 weeks back, we didn`t break these levels and bounced back smartly. Currently we are in "no man`s land" of 5000-5100. Once we cross this decisively (which i thought we had till 2.30pm today)... we could move to 5300-54000 - but that will require a good dose of positive news in the next 7-8 days. |
| apasricha: Is Reliance a good pick at around 710-720 for a long term investment view. Else, do we expect further lower levels to enter the counter. |
| Ambareesh Baliga: For reliance the downside from 710/720 is limited - don`t really expect it to go below 670 but the question is what`s the upside from here and when? I don`t see any immediate upside as it was seen from the reaction to Mukesh Ambani`s speech during the AGM. Today investors don`t want to act on stories but want to see action at the ground level --- especially after 4 years of underperformance. So unless we see things moving in the next 2 quarters - don`t expect much move in Reliance. |
| ajay_fidelio: how long one can hold Everest indus. I having profit of 11%. |
| Ambareesh Baliga: It`s time you booked out partially in Everest. The stock had a great run of nearly 50%+ in the past 2-3 months... so prudent to book. |
| divya_1980: WHT IS THE TGT OF LARSEN FOR 6 MONTHS |
| Ambareesh Baliga: Hopefully if the government puts it`s house in order and gets down to work... Infra and capital goods should be among the first few sectors to rally. L&T should see levels of 1500+ |
| sandipt4u: bought 200 MCX @ 1150, looking for 1 -3 year horizon should i continue to hold ? |
| Ambareesh Baliga: Yes hold. In simple terms, the performance is dependent on the interest of investors in commodity markets and that I doubt whether it will come down. In case you see the stock again dipping below 900/- buy more to average. |
| santhoshpmg: Dear Baliga ji, How much do you think nifty can down during 2012 especially after the down grade now? are we in a log term bear market? |
| Ambareesh Baliga: As mentioned above, 4750-4800 is a good support level for the market which could be broken in case of any major adverse news. The next support is closer to 4500 which was the December 2011 low... I don`t think that would be broken in 2012. Hence look to invest closer to 4800 but keep some money for eventually of 4500 |
| sidzn70: Hello Ambareesh, Stocks, Gold and Debt sectors : All are going down. Is real estate a good investment option now? |
| Ambareesh Baliga: Stocks & Gold can be sold/liquidated even in a bad market but Real Estate you may not be able to sell even in distress. And sooner than later we will see Real estate correcting as the builders have been holding on the inventory for too long and the cost of holding is going up sharply |
| suraj_kakar: I have purchased 200 shares of HCL TEC at Rs 490 what is short term target? |
| Ambareesh Baliga: Short term there could be sentimental pressure due to sales by Vineet Nayar who has been synonymous with HCL Tech. But it`s one of the few stocks I would like to hold in the IT space. |
| Ambareesh Baliga: Thanks everybody... hope we have some positive data & news flows in the next 7-8 days.... |
