UPL a buying opportunity post Advanta merger: Experts

Market experts, Ambareesh Baliga, Mayuresh Joshi of Angel Broking and Sudarshan Sukhani of s2analytics.com in an interview to CNBC-TV18 shared their views on the pros on cons of Advanta’s merger with UPL and also spoke on other stock ideas.
According to Joshi UPL is likely to be the key beneficiary of this merger. The key geographies that each of these companies cater to both of them would have distinctive advantages. The long drawn effects of the integration will be positive. So, it is a good buying opportunity on any declines, he adds.

However, Baliga think is would be better to wait for a while and then pick it up for the long-term with a timeframe of 2-3 years because anyway these stocks have been underperformers for the last couple of months. One can look at buying it around do Rs 425-430 levels be because it is unlikely to go below that.

For the entire interview, watch video.