Shasun Pharma may cross Rs 200-210: Baliga

Shasun Pharma may cross Rs 200-210, says Ambareesh Baliga, Market Analyst.

Baliga told CNBC-TV18,"I have been bearish on the auto space for quite a while saying those numbers, which we have seen in the past close to 15-18 months cannot continue to eternity and we will see a slowdown and that is exactly what has happened. At least for the foreseeable future we will see that slowdown continuing and could be at least till November-December. So surely there will be pressure on the auto space."

He further added, "But I think best of the lot would be Mahindra and Mahindra, possibly Tata Motors but Tata Motors closer to about Rs 200-205. I think rest of the pack for the time being should wait a while longer."

"I have been recommending two or three stocks in the pharma space, again not those at the higher end, but stocks like Dishman and Shasun. In Dishman Pharma, I see levels of closer to about Rs 135-140. Shasun Pharma should soon cross levels of about Rs 200-210."