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Last Updated : Nov 28, 2016 05:15 PM IST | Source: CNBC-TV18

Pick Sadbhav Engineering, says Ambareesh Baliga

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.

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First Published on Nov 28, 2016 05:14 pm
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