NTPC good bet, says Ambareesh Baliga

Independent Market Expert, Ambareesh Baliga told CNBC-TV18, "In pharma to a certain extent I am booking out, not completely but to a small extent and IT again to a certain extent. In FMCG I am booking out about 15-20 percent. But what I am getting into is power, infrastructure basically like the India story because that’s what should play out in 2015 as compared to the consumption exports story which played out in 2014."

"In power the largest one NTPC which I’ve been recommending for a while but its hardly moved when I recommended at about Rs 130-134, its just moved about 10 bucks but then that’s the story going ahead because just like the way you possibly had the HPCL’s and the BPCL’s which have not moved for ages but when they stated moving, it was like a new discovery. Yes, right now I am betting on NTPC," he added.

"IN Infrastructure it’s GMR Infra. L&T again has been my favourite all through but that’s already moved decently well but GMR is something where I see that the balance sheet can be repaired. If you look at the in infrastructure stocks, there are clearly two types. Most of the infrastructure stocks are in a bad shape but there are two types of them, one where the balance sheet can be repaired and the other ones which are the gone cases like IVRCL and things like that. So clearly I would bet on GVK and GMR," he said.