Baliga positive on infra, capital goods
Ambareesh Baliga of Karvy Stock Broking is positive on infra and capital goods.
January 11, 2011 / 14:17 IST
Ambareesh Baliga of Karvy Stock Broking is positive on infra and capital goods.
Baliga told CNBC-TV18, "RIL would be the leader of the pack in the next bull run. So even at these levels we are finding it attractive but with the market falling its possible that you could also get RIL another 40-50% cheaper than this or possibly more than that. So that is one stock to be looked at."He further added, "Among the sectors we are clearly positive on infra and capital goods. I think these sectors should in fact outperform, even on the way down I don't think it will fall as much as the rest of the market. But the sectors, which should be avoid right now, are clearly banking and auto, which again I am looking at buying them at lower levels.""Auto should fall another 15-18% more from here. I think at those levels one should look at buying. Banking like the way I said possibly around 10% lower than here, you should start buying banking. Realty is one space, which can be avoided at least for the next 3-4 quarters because I don't see any hopes in that sector as such. Overall, pharma and IT could be defensive along with FMCG." Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
