Mahindra Holidays can give 25-30% returns: Baliga

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Mahindra Holidays can give 25-30% returns: Baliga

Mahindra Holidays and Resorts India can give 25-30% returns, says Ambareesh Baliga, Karvy Stock Broking.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ambareesh Baliga See what other Experts & Brokerages are saying about Mahindra Holidays See messages about Mahindra Holidays Mahindra Holida BSE | NSE 30/05/12 Are Mutual Funds betting on Mahindra Holida?

Mahindra Holidays and Resorts India can give 25-30% returns, says Ambareesh Baliga , Karvy Stock Broking.

Baliga told CNBC-TV18, "From the lifestyle space we are recommending a stock like Mahindra Holidays, which hasn't really moved very much in the recent past but then again if one is looking at a the next couple of years, being more of a annuity sort of a play, I think this stock can actually give you a 25-30% return year on year possibly over the next 4 - 5 years."

He further added, "In the capital goods infra space, we are recommending a stock like BGR on the energy where again it has not moved very much in the last 2 to 3 weeks, it in fact moved in the last two days but even at these levels we find value. In fact we look at a level of around Rs 825 - Rs 850 for the stock."