In an interview to CNBC-TV18, Sandeep J Shah, chief executive officer, Sampriti Capital gives his expectations on the market's performance. Shah expects the Nifty to be rangebound.
Buy Bajaj Auto on dips, says Sandeep Shah, CEO, Sampriti Capital. It has done exceptionally well given its business model, given its incredible focus and really aggressive focused CEO.
Sandeep Shah, CEO, Sampriti Capital, says that though there are hopes of revival of the investment cycle there are no signs yet. He feels that there could be a good buying opportunity for the investors at 5200-5400.
Now that markets have rallied sharply, the consensus view on the Street is to exit expensive consumption names and buy solely into the beaten down sectors.
Sandeep J Shah of Sampriti Capital says he would watch 5,600 carefully. "I had mentioned about a month back that we could even get to 5,800-6,000, if we saw easing by the ECB, we saw QE and we saw the government acting. It looks like, in some sense, all three engines are firing. So that possibility is very much alive now," he adds.
One can accumulate TCS with long-term view, says Sandeep Shah, CEO, Sampriti Capital.
Reliance Industries (RIL) is looking attractive from long term perspective, says Sandeep Shah, CEO, Sampriti Capital.
Sandeep Shah, CEO of Sampriti Capital says global worries have eased post European Central Bank (ECB)‘s promise of additional liquidity. ECB head Mario Draghi announced the ECB "may undertake outright open market operations of a size adequate to reach its objective" to drive down soaring borrowing costs.
Buy TCS on dips, says Sandeep J. Shah, CEO, Sampriti Capital.
Since 4,700 on the Nifty, Sandeep Shah, CEO, Sampriti Capital had an upside target of 5,400-5,600. “We didn‘t really touch 5,400, but we almost went there and we have corrected from there,†he says.
In an interview to CNBC-TV18, Sandeep J Shah, chief executive officer, Sampriti Capital says his targets of 4,600-4,800 have held on nicely on the downside.
With problems re-emerging in the eurozone, the US economy still under pressure and Chinese GDP at a 3-year low, Sandeep Shah of Sampriti Capital believes a sell off below the 5000 level is possible.
In an interview to CNBC-TV18, Sandeep Shah of Sampriti Capital analyses the market’s reaction on the back of lack of clarity on the General Anti-Avoidance Rule (GAAR) provisions and the entire issue of FII taxations.
The Great Indian Consumer Bull Market was alive and kicking even at the bottom!
Fortunes of real estate companies in India's financial capital could take a turn for the worse if the Maharashtra government accepts the proposal to hike stamp duty on leave-licenses.
Sandeep Shah of Sampriti Capital says that the downside for the market is around 5000-5200.
In an interview to CNBC-TV18, Sandeep Shah, CEO of Sampriti Capital talks about where the market is headed after the phenomenal rally we have seen over the last two months.
Sandeep J Shah, CEO of Sampriti Capital advices to stay invested in the largecap private sector banks.
Softness in European indices knocked the wind out of the markets in mid trade, but fresh buying emerged towards the fag end of the session.
Sandeep Shah, CEO, Sampriti Capital is alarmed that the Nifty may even sink to 3800-4000 level but may rise to 5500-6000 by 2012. In an interview to CNBC-TV18, Shah pointed out that the there could be recession in Europe in 2012.
The Nifty ended at 4,764. According to experts, a relied rally is possible. However, they strongly believe that there is more downside to the market and the Nifty may slip below 4,700.
One should continue to look forward to the Nifty between 4,400 and 4,600 levels, indicated Sandeep Shah of Sampriti Capital. He further pointed out that this would broadly mean that the Nifty would have a 30% correction. He also mentioned that we would see a rally if the Reserve Bank of India (RBI) cuts interest rates.
For sometime now, the upside for the market is around 5,400 levels to 5,600 levels, said Sandeep Shah, CEO of Sampriti Capital. According to him, the broad trend suggests further downgrades in the coming one or two quarters. Meanwhile, he indicated that the portfolio strategy should continue to stay defensive till the euro crisis is resolved.
The immediate downside would probably be 4,400 to 4,600 levels, but it might not necessarily be the final bottom, feels Sandeep Shah, chief executive officer of Sampriti Capital.
Keep Hindustan Unilever in portfolio, says Sandeep J Shah, CEO, Sampriti Capital.