Ambareesh Baliga, Independent Market Expert is of the view that one may pick Sadbhav Engineering at lower levels.
Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "I have been picking up decent amount in the economy stocks and also in the infrastructure space, I mean a stock like Sadbhav Engineering, although the numbers were slightly below expectation, the stock has corrected. I think this is a good opportunity to pick up Sadbhav at lower levels, I think we can come to levels of about Rs 255-260; I think should be the level to again buy in case someone has bought at higher levels. I am more positive on these economy stocks than possibly something like HPCL or BPCL. So, these are the ones to be picked up."
"At the same time, if you remember, I have been slightly positive on the IT space in the last two to three months and I have been suggesting like SIP first stocks like Infosys. So, that also seems to have done decently well," he added.The Great Diwali Discount!
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First Published on Nov 28, 2016 05:14 pm