Ambareesh Baliga, Market Expert told CNBC-TV18, "I have been a contrarian buyer all through, for example last October-November I was a major buyer in the oil and marketing companies (OMC) when no one was looking at it. I recommended Hindustan Petroleum Corporation (HPCL) for about Rs 170-180, it has been a multi bagger. We were asking people to buy into infrastructure and capital goods at that point of time."
"Right now I would possibly look at power which has been an underperformer, you will be surprised but this a right time possible to buy into that space, because clearly over the next two to three years you will have to see this sector performing otherwise India will not perform," he said.
"Shipping is other sector where we are seeing turn around happening and these are investment buying for next two to three years. In cement space you had the mid caps performing. In the large cap Ambuja Cements is one stock to be looked at."
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