We are also tactically Underweight financials & IT due to valuation concerns. We have replaced Coal India with Sesa Goa in our Focus List, says Ridham Desai of Morgan Stanley.
Traders and investors should pick individual stocks within sectors that are likely to post good earnings while keeping the growth momentum intact.
Praj Industies, a small cap company provides turnkey plants and equipments for fermentation and distillation systems used in bio fuels processing, primarily ethanol related. In an interview with CNBC-TV18, Sabyasachi Ganguly spoke on why Indiabulls Sec is betting on Praj Industries.
In an interview with CNBC-TV18, independent market strategist, Rajesh Jain, and Shailesh Kanani, Research Analyst, Angel Broking gave their perspective on what they expect some largecap stocks to do going forward.
Hemang Jani, senior vice president, Sharekhan believes one could see the markets heading up within the next six months. "Select commodity and IT stocks could help take Nifty pass 6,000 again," he stated.
Deven Choksey of KR Choksey Securities, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee gave his views on HCL Tech, Petronet LNG, ADAG stocks and Hindustan Construction.
Ashish Tater of Fort Share Broking, in an interview with CNBC-Tv18’s Udayan Mukherjee and Mitali Mukherjee gave his top three multibagger ideas.
Speaking to CNBC-TV18, Vikas Pershad of Veda Investments said that though the sell-off may have concluded for now, 5300 should not be out of the realm of possibilities in the near-term, before adding that the Nifty could also crack 5,000 going forward.
After a dreary start to the New Year, the markets seem to be in the mood to carry on the trend. Witnessing short build-up in the index and short futures, Vineet Bhatnagar managing director of MF Global expects another 120-points compression on the Nifty.
The Nifty has conclusively broken below the short-term uptrend support drawn off the late November 2010 lows which should result in a thorough test of the 5,300-5,500 support zone in the near-term, says Laurence Balanco of CLSA.
Fair value for the Sensex is seen at 21000 over 6-9 months and at 24000 over 15-18 months, says Sanjeev Prasad of Kotak Institutional Equities.
Devang Mehta, Vice President & Head (Equity Sales) of Anand Rathi Financial Services
In an exclusive interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, Prakash Agarwal equity analyst at RBS spoke about two hot stocks—Indiabulls Real Estate and Glenmark Pharma.
Right from the onset of the New Year, markets have been a bit tizzy, with acute volatility across the board. And, Sanjeev Prasad, executive director and co-head of Kotak Institutional Equities feels that the global interest in India too may subside for some time. "Inflation will be the focus in 2011," he states.
The markets look very skewed at the moment to Devina Mehra of First Global. "I can see a 10-20% downside for markets from the current levels." However, she doesn’t rule out the possibility of a 15% growth going forward.
In an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, SP Tulsian of sptulsian.com, shares his picks from the mid cap stocks. Tulsian says Apar Industries at current levels looks reasonable while he also has a positive call on contracting companies like PBA Infra.
Sushil Kedia, FRM, CAIA CMT, President, ATMA, in an interview on CNBC-TV18 says, "We are close to that 200 DMA which will break."
The two pillars of index strength in the last 15 months, IT & auto, seem to have broken down. Overall, the trend is likely to remain down even as volatility continues on a daily basis, says Gautam Shah of JM Financial.
We expect equity returns to be largely driven by earnings growth and not multiple re-rating, says Adrian Mowat of JPMorgan.
In an exclusive interview with CNBC-TV18, SP Tulsian of sptulsian.com says he prefers private sector bank and does not see much downside in those stocks from hereon.
In an interview to CNBC-TV18 Ambareesh Baliga of Karvy Stock Broking said that the markets may possibly fall closer to 5,200. “Before that we could have a few small bounce backs but 5,700 levels would be a major resistance. Crossing that would be difficult,” he explained.
Akash Prakash of Amansa Capital is expecting more downside from the current levels. In an interview to CNBC-TV18, he said that there might be short-term bounce due to oversold nature. According to him, the market is likely to see another 5-10% correction.
Ashish Chugh, Investment Analyst & Author, Hidden Gems is bullish on Cosmo Films.
We reiterate our positive view on emerging markets for 2011 with our year-end target on the MSCI GEM Index at 1,500, a gain of around 30%., says Geoffrey Dennis of Citigroup.
In a CNBC-TV18’s special show RD360- Money Making Maxims, Ramesh Damani, Member of BSE discusses the life and sayings of Benjamin Graham with two finest fundamental analysts and practitioners of Graham’s way of investing, Sanjoy Bhattacharya of Fortuna Capital and Chetan Parikh of Jeetay Investments.