Mar 28, 2012, 02.03 PM | Source: CNBC-TV18
Stay invested in Cipla, says Jagannadham Thunuguntla, Strategist & Head of Research at SMC Global Securities.
Thunuguntla told CNBC-TV18, "You can stay invested in Cipla and even if they assume that the market goes into a bit of rough patch and some bearish mode, Cipla can act as a defensive. I think you can stay invested and nothing to worry as such."
He further added, "I would like to indicate one more thing if somebody is having medium to long-term kind of thing PTC India Financial Services is one company often overlooked by the market but it’s a joint venture between PTC, Goldman Sachs and Macquire trading around Rs 16 now and at Rs 18-20 book value. I think company has been growing decently. If somebody is having two years patience then buy at Rs 16 now, it should be around Rs 40-50."
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