Watch the interview of Sharmila Joshi of Sharmilajoshi.com who shared his readings and outlook on specific stocks and sector & Anil Rego of Right Horizons Financial Services answered few personal finance queries.
Below is the verbatim transcript of Sharmila Joshi's interview with CNBC-TV18:
Tribhovandas Bhimji Zaveri
The numbers of Tribhovandas Bhimji Zaveri (TBZ) were decent but overall it is not a space that I like much. The entire consumption space has not picked up the way you would have envisaged maybe eight to nine months back. A lot of them have declared indifferent sort of numbers, so given that I would exit.
Lupin
Pharma is definitely a space that I like and within that space Lupin is a good stock to have in your portfolio. If you want to add more than perhaps you need to add it strictly on declines. If you do see markets correcting from these levels, it will be pharma and IT which will see the first round of buying. So from that perspective it makes sense to hold what you have and if you want to add then add on declines and here I would have a comfortable target of closer to Rs 2300-2400 if you have the patience to hold this stock for a couple of years.
PTC India
PTC India is a fairly stable stock. So stay put, I would have a target of closer to Rs 115, because even within the power play, because it is a company that really trades in power and it is like a financier. So over a period of time, once you see the sector improving, you can expect financials for PTC also to improve maybe little ahead of the curve. So, from that perspective, the stock is a hold. And as I said, my target would be Rs 115 and you need to wait at least a year more to see anything closer to this price.
Bank of Baroda
In the last quarter we saw very bad set of numbers from Bank of Baroda and this quarter was definitely an improvement. But that it is an improvement over last quarter but it does not anyway signal that you are over that wall of that the asset concern that is there across public sector (PSU) banks. So, the stock did correct largely because Punjab National bank (PNB) declared such bad numbers that lot of it dragged down a lot of other PSU banking stocks with it and then you saw a bit of a recovery. But that said you have to be a little cautious over the next couple of quarters over PSU banking as a space. This stock becomes a hold for me and the caveat here is that your waiting period should be 12-18 months and then the investors will see a better price.
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