Watch the interview of Shahina Mukadam, Market Expert who shared her readings and outlook on specific stocks and sector & Harsh Roongta of Harshroongta.com answered few personal finance queries.Below is the verbatim transcript of Shahina Mukadam's interview with CNBC-TV18: Bharat Electronics is going to remain week because there is an offer for sale (OFS) that is on the cards in the near-term. And that as you know, definitely puts a technical pressure on the stock. So, I do think that one should look to book out on this bounce.In terms of fundamentals, there is defence orders that are going to continue to come into the company but these are a bit medium to longer-term upsides and at valuations of about 23 times price-earnings ratio (P/E) FY16, it is not a cheap stock given the volatile market condition.
I see the market moving 300 points plus and minus in the short-term anyways. It is very difficult to predict which ways. One can get into an systematic investment plan (SIP). There are lot of nice well balanced largecap funds which one can put in. One can go in for any of the mutual funds may be like Birla, HDFC Mutual fund and ICICI Pru mutual fund. In fact enter into through an SIP route.
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