3627 Investors following Birla Corp. Share this News with them.
0
Like this story, share it with millions of investors on M3
Follow the market,don't take contrarian calls: Anand Tandon
Anand Tandon of Gryffon Investment says that the market is showing a lot of strength, and this could be because of the economic scenario, which looks positive now. He advices to follow the market and not to take any contrarian call.
Q: Any thoughts on Mahindra Automotive steel, a forging company that has got real estate this morning?
A: I don't track that closely.
Q: What is your top picks in cement midcaps and how are you positioning yourself in that space now?
A: It had a sharp run, so you have to take that as a caveat. But I think many of them still offer reasonable value in terms of one-year horizon. From Kesoram , Birla Corp , India Cement , Mangalam to some extent, Dalmia , you will expect to see a volume and price led growth coming in. That's probably still a safe sector to be holding on to.
Q: Do you track the gems and jewellery space, there is a good move in many of them, Su-Raj , Gitanjali and something smaller like a Classic diamond ?
A: Not really, other than Titan I don't think we have looked at any other one.
Q: There clearly has been some kind of recovery in sentiment in the metal space, ferrous and non-ferrous. Would you stay away or do you think things are changing there?
A: They change by the week. There is no doubt that a positive sentiment is now emerging. Again on a relative basis, they are cheap stocks, but as the index goes up, many of these will continue to go up.
