Titan, Bata look expensive: Baliga

Titan Industries, Bata India and VIP Industries are looking expensive, says Ambareesh Baliga, COO, Way2Wealth.

Baliga told CNBC-TV18, "At this point of time I will not buy Titan, VIP or Bata because quite a few of these stocks especially Titan and Bata, the way they had moved up in the past couple of months although we have seen some kind correction in Titan still I find it quite expensive although these stocks are normally bought around monsoon time because of the increase in consumer demand, which is expected but the way they have moved up they are quite expensive. I think the upside from here is a bit limited. So at these levels I will possibly sell if I have these stocks."