Buy Hero Moto, hold Infosys: Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "Hero MotoCorp is one stock to be bought in the two wheeler space, if you remember, the last 2.5-3 years when you had TVS Motor moving extremely well, since that was discovered at that point of time Hero was underperforming and now it is time for Hero to start performing because TVS clearly is not going to get a major share in the rural market." "If you are an investor then I think you should just hold on. Clearly among the IT stocks, Infosys is clearly a long-term hold but then if you are a trader possibly looking at the market condition, then one should book out to a certain extent," he said. "I have one stock in the midcap space. Again, something which I have been talking about for the last 2-2.5 years and it has done exceedingly well like Himatsingka Seide which is into premium home furnishing. The last two years was more of a turnaround and now since the last two or three quarters, we have seen the real growth path for this company and this year we should end up with about Rs 20-21 as EPS which is close to about 80 percent higher than last year and this sort of upward trajectory should continue at least in the foreseeable future and this is one of those few stocks which have done decently well even on a day like today. So, clearly I see this stock possibly crossing Rs 300 over the next couple of months."