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Last Updated : May 18, 2011 01:09 PM IST | Source: CNBC-TV18

Multibaggers: Aashish Tater picks Savita Oil, Ineos ABS

Aashish Tater, Head of Research of Fort Share Broking, in an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that one should stay "catious" while taking positions in the space midcap.


As the Indian market continues to remain volatile and the front liners bearing the brunt of uncertain economic conditions, investors may now look forward to midcap counters to dwell on short-term performance.  


Aashish Tater, Head of Research of Fort Share Broking, in an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that one should stay "cautious" while taking positions in this space. "The sector is heavy and has witnessed sequential lacklustre trade. In the short-term, high interest rates would hamper these companies' growth," he added.


Below is the verbatim transcript of his exclusive interview. Also watch the accompanying video.


Q: How are you reading the midcap sector?


A: Firstly, in the midcap space, I have a 'cautious' call as this sector is getting heavy, followed by consequent lacklustre trading sessions. Hence, it's difficult to make money in the short-term. However, the following picks should be looked with a slightly long-term horizon and can be added in small quantities. We are ignoring companies with debt because the cost of interest will hurt bottom-line performance. Thus, high interest rates would hamper midcap companies to grow significantly in the current macro situation.


Q: What

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First Published on May 18, 2011 10:17 am