Sep 30, 2010, 12.49 PM IST | Source: CNBC-TV18

Take long term call in Indosolar at lower levels: Baliga

Take long term call in Indosolar at lower levels, says Ambareesh Baliga, VP of Karvy Stock Broking.

Ambareesh Baliga, VP, Karvy Stock Broking

Take long term call in Indosolar at lower levels, says Ambareesh Baliga , VP of Karvy Stock Broking.

Baliga told CNBC-TV18, "In Indosolar if one is looking at very long-term, I suppose one can look at it at lower levels but this story is now look play out in the shorter-term because they have just started production although they have the order book position full for the next one year. We need to see as to how it would plays out because first of all this sector, the technology obsolete very soon, so we just need to see as to how it plays out over the next one-two quarters before we taking a call. But at levels closer to Rs 21-22 in case it comes to those levels, I think it can come to those levels today, people can take a longer-term call but still it's risky."

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