Buy HT Media, look at Bharat Electronics: Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "I was quite surprised to the sort of reaction which HT Media had because once the results came out, the stock cracked to a certain extent but when I looked at the results in detail, you have a topline growth and you have a decent bottomline growth. It was only that other income which was lower this year as compared to the last. So, this is one stock which should be bought at those levels. It in fact came down to levels of Rs 77; I think it is a great buy at this juncture." "The other stock which I have been recommending has been Bharat Electronics (BEL) where the results were quite decent and that is another stock we bought from a longer term perspective clearly looking at the sort of focus which is there on defence by the government. This is one stock to be looked at," he said.