Buy Asian Paints on correction: Ambareesh Baliga

Ambareesh Baliga, Market Expert told CNBC-TV18, “I think Idea Cellular can still go down further.One could see two digits for this by the time Jio is launched which is in March-April.” “I would have loved to pick up Infosys, but then for overall IT I am not too positive at least if you are talking about the next couple of quarters. I think they could just be market performers. But then again, Infosys could be a pick from the IT pack, but Asian Paints is one stock which I would surely look at buying whenever there is a correction because that is one space, where I still continue to see the margins holding on or possibly moving up,” he said.