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Chat Transcript

02 Dec - 04:00 hrs

Ambareesh Baliga | Market Analyst, Independent

 

Should you be investing now?

Chat Transcript

Ambareesh Baliga: Hi Everybody
sharique31: Whats your view on IDFC, ADANI POWER or long term?
Ambareesh Baliga: Both you can hold for long term - If you don`t have then look at buying Adani around 42/- and IDFC whenever it dips below Rs. 135/- The split too is wealth accretive for the shareholders.
guest: Hi! sir Holding Punjlloyd @Rs.55 Quantity 1000 shall I hold or exit?
Ambareesh Baliga: Since you have held on for this long and the stock also has been underperforming despite bullish markets - wait for the Infra projects to take off. Although the balance sheet is stretched, execution wise it`s among the better ones. So have patience. If you can take further risk - average out to an extent @ 36/-
avdhesh1977: Hell sir i want to buy nmdc , torrent power ,dolphin offshore and archies pls suggest the entery lable .
Ambareesh Baliga: NMDC you could buy at current levels. I don`t track torrent or dolphin. Archies I was recommending at Rs. 18/20 - but at Rs. 36/- I would probably hold and not buy fresh
dkumar455: I HAVE 611 SPICEJET @ AVG RS.33 , WHAT DO I DO?
Ambareesh Baliga: Look at the Kingfisher Chart - Any rally is an opportunity to sell - it moved from Rs. 12/- to Rs. 20/- - book a loss. Even the newsflow is similar to what we heard about kingfisher in 2012
guest: iam holding power grid its return is not attaractive shall i sell
Ambareesh Baliga: Power sector overall is ripe for revival. Powergrid would be one of the major beneficiaries. If you have bought in the FPO - just stay put.
guest: SIR,I HAVE BOUGHT ASIAN PAINTS AT 780 SH.WHAT RETURN I CAN EXPET IN FUTURE , ALSO TELL ONE FMCG SHARE
Ambareesh Baliga: Asian Paints will give you 20% return per annum on a long term basis - Another stock which you should add is ITC
pvs110557: Dear Ambareesh Baliga, Over a period of 20 months the equity portfolio has appreciated by 68%. Would you recommend profit booking or stay put till budget ?
Ambareesh Baliga: You should book partial profits especially in the stocks which have been multibaggers in your portfolio - It`s prudent to take some profits off the table when the markets have given stupendous returns beyond everybody`s imagination. Everyday is not a Sunday - and this rally has continued far too long without a meaningful correction.
guest: SIR, HAS THE MARKET RIPENED FOR 5% CORRECTION AFTER THE BANK POLICY?
Ambareesh Baliga: The market is ripe for a correction since a while but I don`t know what would be trigger. That`s why I said we should book some profits so that one don`t regret a correction - and utilise that correction to buy at lower levels. But in case the market continues moving up - don`t regret whatever you have sold - look at the extra wealth your balance portfolio has generated
avdhesh1977: sir holding tilaknagar 200 @ 35 pls suggest buy sell or hold?
Ambareesh Baliga: it`s risky looking the pending case which could decide the fate of it`s biggest selling brand. The last quarter results also shows the strain on the company. Since you have bought - take that risk of waiting for the outcome - in case it`s favourable you could see Tilaknagar at 48/50 levels - otherwise closer to 21/22
guest: I HAVE INVESTED IN DISH TV 3 YRS BACK @57,TELL ME ITS FUTURE, ADVICE ONE MIDCAP AUTO STOCK
Ambareesh Baliga: it`s been an underperformer despite promises shown by the sunrise sector - It`s just broken out of a range - so ride this rally keeping a trailing stop loss - current stop loss is Rs. 64/-
guest: sIR i AM HOLDING 100@250 SHARES OF DLF.SHOULD I EXIT?
Ambareesh Baliga: There is not much upside for DLF looking at the problems they are facing as well as the state of the sector. Upside seems limited to Rs. 165/170 - so closer to those levels book out.
er.nileshsmehta: Your view on Mahindra Lifespace, Hindalco, Exide industries
Ambareesh Baliga: I have been bullish on Exide but it`s been disappointing especially the last quarter - I will probably wait for next quarter results before deciding whether I should abandon the idea. Hindalco you could buy even at current levels - but Mahindra Life I don`t track
guest: SIR, I PURCHASED L&T @ 980 SHOULD I BOOK PROFIT OR WAIT
Ambareesh Baliga: L&T is a long term play and the story has just begun - If India has to do well - L&T is a proxy play - So just hold
guest: sir jpassociates 1000@30.60 what to do can hold 1or 2month
Ambareesh Baliga: JP will continue facing financial issues - and especially after the last QIP - no serious investor would ever trust this group - you may get about 38/40 on some newsflows about them able to sell their assets etc - utilise that move to exit
deivu@vsnl.com: Dear ambareesh ,i,I Bought Abanoffshore at Rs 543.50- (50 shares).what is the growth potential and what price the shares can be sold .? Iam a long term player DEivu
Ambareesh Baliga: With Oil prices coming down - it`s very much possible that there would be pressure on Oil Exploration. As things were looking up for Aban - it moved from 200/- to 900 - and then this correction to 550 - don`t see any upside for atleast 1-2 years.
guest: have 500 shares of ashok leyland bought at an avg price of 46. Should i hold or sell?
Ambareesh Baliga: Book to a certain extent - has become a 3 bagger in the last 1 year - good performance is already discounted - Upside limited to 58/60
guest: sir it it right time to invest or should i wait for correction
Ambareesh Baliga: As a trader remain long as long as the Nifty doesn`t break 8250 levels but as a investor I would suggest to wait as the correction is overdue....
Ambareesh Baliga: thanks everybody - need to wrap up the chat - will catch all you soon
SENSEX   | NIFTY  

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