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Chat Transcript
13 Aug 2012 - 16:00hrs hrs
Ambareesh Baliga | Market Analyst
What's the outlook for the market?
Chat Transcript
| Ambareesh Baliga: Hi Everybody... |
| rajatg2005: sir dlf 220 call long at 3 target and stoploss please? can dlf go to 225 in 2-3 days |
| Ambareesh Baliga: DLF can move up a bit from here - 225-230 is possible as the company has been able to strike deals to reduce the assets. The latest deal with Lodhas for Rs.2700 crs is one of the largest they have struck but we still don`t have the details of cash flows etc. Assuming that the deal is going thru - we could see the stock moving up - but remember that the sector is still in a downtrend and these triggers don`t have the effect for too long. So dont` wait for much higher levels. |
| demblavik: Sir, whats ur long term view on sterlite inds,do you recommend buying at current price? |
| Ambareesh Baliga: When you look to invest in the stock - in addition to the sector view and specifically the financials of the company - you also have to give equal weightage to the management and their approach towards the investors. Finally you are just an ordinary shareholder with no say in the management... That`s where Sterlite fails and the group gets a compartively low PE. |
| ramehta999: Mr Baliga: Suggeat 3 Good long term portfolio buy at current level. |
| Ambareesh Baliga: I wouldn`t add to my portfolio at current levels as I feel the markets have moved up based on expected policy action and consequent flow of international liquidity. The economy is clearly going thru a downtrend with fear of further downgrades coming. If we are fortunate to have policy action flowing in the next few weeks, you should buy those sectors which could benefit from kick-starting the economy - viz Infrastructure, Capital Goods, Banks & Automobiles. Pick the index stocks in these sectors |
| santhoshpmg: Baligaji, holding Hindalco@160,HDIL@100. Is it good keep these for long term? |
| Ambareesh Baliga: I would suggest you to exit both. Hindalco - expect the underperformance to continue for the next 2-3 quarters. You may get it back at around 100-105. |
| kumarrajesh21: At what price would you recommend buy in SBI and Tata Motors |
| Ambareesh Baliga: For trading buy SBI around 1875/80 and Tata Motors around 215/18. For investment wait for clear triggers of policy action. |
| debanjan_b: Hi Mr Baliga, For small investors can you suggest us the best index stocks from Infra, CapitalGoods, Auto and Bank space. |
| Ambareesh Baliga: L&T, M&M, HDFC Bank, Axis, BHEL, Coal India |
| davesuresh: Sir next trg of sterlite ind& hindalco? |
| Ambareesh Baliga: Sterlite - 95/97 and Hindalco 100-105 |
| speaktovineet: Hi Sir, I have IDBI bank 500 shares @ 130. What should i do can i average my position around 80. |
| Ambareesh Baliga: The stock is at a support level but if it breaks the current levels we could see 65/-. Looking at the state of the markets and the risk/reward - it`s better to wait. In case we see some action from the government to revive the economy and consequently the markets give it a thumbs up then it`s better to average this stock on the way up closer to 95/- than to buy now and stare at uncertainity. |
| ramehta999: Hi Mr Baliga. Give me your advice on Allahabad Bank and Biocon to but at current rate for long term. |
| Ambareesh Baliga: I don`t track Allahabad Bank but Biocon you could buy at current levels. With most of the negatives priced in, I don`t see much downside from here. But don`t expect it to be another Wockhardt.... |
| krrish37: Mr. Baliga, What could be the expected levels of NIFTY given the uncertainty world over.Is tata steel a good bet for long term accumulation. |
| Ambareesh Baliga: Nifty could move up looking at liquidity flows and the ability of the markets to discount adverse news flow. But the big question is whether it will sustain at higher levels - whether the hot money flowing in now will stick around.... I am skeptical and would book out in absence of any announcement from Delhi on policy actions. Tata Steel will see a few more quarters of weak results - wait a while longer |
| Ambareesh Baliga: Thanks everybody.... will catch you next fortnight.. |
