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Last Updated : Jun 27, 2017 06:12 PM IST | Source: CNBC-TV18

UltraTech Cement, Asian Paints, Whirlpool, GMR Infra good bets : Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert is of the view that UltraTech Cement, Asian Paints, Whirlpool and GMR Infra are good bets.

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "I won’t buy anything right now because you will have lot of retail investors coming in to buy now just because they have seen 9700 levels. From there it has corrected reasonably well, so people may get in. However all these people will disappear once you have markets possibly falling another 200-300 points more from here. I think the best time to buy is when you sense some sort of a panic in the market and I think that is still some time away. I expect that to happen sometime in July when we see another sort of disruption because of GST, I think that is the time one should actually venture out and start buying."

"The sectors which I would be looking for is cement, consumer discretionary and infrastructure. Infrastructure is one space where I expect the sector to do well at least for the foreseeable next 2-3 years."

"In cement, I am looking at UltraTech Cement which has fallen decently well. Even today it is down but then I think I would possibly look at levels of closer to about Rs 3500-3600 and Ambuja Cements closer to about Rs 225 levels," he said.

"In consumer discretionary I am looking at Asian Paints, Whirlpool and Dabur India to a certain extent. in infrastructure NBCC and GMR Infra which I think is a fallen angel. GMR Infra has seen a decent sort of a move in the recent past. It moved beyond Rs 21, today it has corrected. So, at levels of closer to about Rs 16.50-17 because the number of airports which are going to open up, I think that will be good business for GMR Infra going ahead. They have already bagged quite a few airports internationally as well as here. The other big growth area for them is going to be railway stations which are coming up for redevelopment. These are the two spaces where GMR Infra will make a mark over the next couple of years."

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First Published on Jun 27, 2017 04:40 pm
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