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Chat Transcript
22 Aug 2012 - 16:00hrs hrs
Ambareesh Baliga | Market Analyst
Investing in turbulent time
Chat Transcript
| Ambareesh Baliga: Hi Everybody... |
| TRUEMAN: IS IT FINE TO TRADE IN kINGFISHER AIRLINES |
| Ambareesh Baliga: Yes it is fine to trade any stock as long as you are aware of the risks. Kingfisher one wonders how it is surviving given the huge debt and mounting losses. Because of Kingfisher the UB group overall is going through a turmoil. There are talks of stake sale in other group companies which would pay towards bailing out Kingfisher. But the question is whether Vijay Mallaya put good money after bad? He may put fresh money only if there is a White Knight ready to take it up and this can happen only if there is FDI. Hence everything boils down to the whether we see Aviation FDI happening or not. And the way I see it - Aviation FDI was the easiest for the govt to announce as there is hardly any political opposition to the same. Then why haven`t they announced it till date... and I don`t have an answer for that. Therefore you are taking a dangerous bet - if FDI happens you may end up with a 100% gain - and if it doesn`t then the stock could slide to Rs. 5/- or below. So take your call |
| ramesh_1960: is it the right time to enter into sintex industries and coal india |
| Ambareesh Baliga: The biggest issue for Sintex was their foreign currency exposure - otherwise the core business continues to do well. With the rupee finding some stability in the region of 55/56.50, this stock could start inching up. Coal India too I am bullish and would buy at every decline. Coal gate, if all, will be beneficial for Coal India. Secondly most of the negatives wage hike or FSA is priced in. I see coal prices getting revised upwards by about 7%-8% which should be a trigger. |
| uttamnandy: what is the Target of Nifty by this month expiry? |
| Ambareesh Baliga: Looking at the flows Nifty (cash) could move to 5450/5470 by expiry |
| laltu1959: Can I remain invested in Adani Enterprise, Jain Irrigation, Fortish Healthcare, United Phosphorus and Crompton Greeves at almost present price. |
| Ambareesh Baliga: Yes.. these stocks are already beaten down. Don`t see more downside. In fact you should average out Jain Irrigation and United Phosphorus at current levels. |
| akshetty64: WHAT IS THE TARGET OF TATA MOTORS AND IDFC FOR THIS MONTH EXPIRY |
| Ambareesh Baliga: We have already seen a high for both these stocks - don`t see Tata Motors going beyond 255 and IDFC beyond 146 |
| mani5556: Sir, Please advise on clutch auto, nelcast, and renuka for the short term? |
| Ambareesh Baliga: Nelcast I don`t see moving for a while. The HCV/LCV and tractor segment for which supply is going through a slow down. Also need to see how the second generation which has taken over after the untimely demise of the Chairman performs... Renuka - will not get much benefit from the sugar prices moving up - will face cane shortage in the coming season - avoidable. Better to look at Balrampur if you want to play this space. Clutch auto I don`t track. |
| shreyansh_doshi: Dear Baliga Sir, Please advice me on wockhardt . I has 1000 shares @ 450/- |
| Ambareesh Baliga: You made a fantastic investment - book out atleast 500 to 750 shares at current levels. Keep the rest which are free. Although it is a turnaround case, news flows are brilliant but these levels don`t seem sustainable. One of the reasons is that is was underowned and now everyone is scrambling to buy - but then somewhere people will realise they are buying it expensive... |
| hemavl: sir your views on ivrcl. is this stock ready for an uptreand. my holding price is 44 |
| Ambareesh Baliga: Hold... the predator will come back. |
| ramehta999: Good Afternoon Mr Baliga: How much upside left in TCS from 1290 now.To hold or sell? |
| Ambareesh Baliga: Exit around 1320 |
| saurabh24061980: Sir what are expiry target for ranbaxy . i have bought put Aug option(520) |
| Ambareesh Baliga: have seen a good move today... can to up to 545/550 by expiry |
| thejack: Hi Ambareesh , how are you? Your view on Reliance Infra snd Capital for coming expiry |
| Ambareesh Baliga: Reliance capital to move to about 380/85. Reliance Infra I don`t track so can`t comment on the same. |
| ramehta999: Mr Baliga: Your views on Allahabad Bank and Adani Port to buy and at what rate for medium term. |
| Ambareesh Baliga: I would avoid PSU banks currently but buy Adani Ports at current levels of 116 |
| mrsmartguy2006: Hello sir holding bartronics 8oo Shares@90 pls give any détails |
| Ambareesh Baliga: Bartronics - the latest results too disappointed and we exited the counter on the day of the results @ 25.50. But was surprised to note that the selling was well absorbed... So is there someone standing to buy who knows more than what we understand of the company.... I won`t know. On paper there is nothing to suggest that this company can perform as they have failed to deliver quarter over quarter in the last 2-3 years. There is no reason to believe they will turn around --- but I won`t know what`s happening behind the scenes. I have exited. |
| radhiks: Sir, Is it right time to buy TTK prestige? |
| Ambareesh Baliga: It`s possibly time to sell such stocks which have been the neo-favourites in the last 2-3 years. Even one quarter of underperformance can smash the stocks. Too risky at these levels. |
| mrsmartguy2006: Hi whats ur view on shasun pharma holding in profits |
| Ambareesh Baliga: If you have bought at 30/40 levels - prudent to book partially at every higher level. The momentum is good and it is forming a base - consolidating and then moving up. Hence the stock can see levels of 180/200 but always better to play a bit safe. |
| Ambareesh Baliga: Thanks everybody... need to leave... will catch all of you soon. |
