Srivastava says the economy needs more than a 25 basis point-cut by the RBI to get moving. He feels the RBI needs to be more aggressive in cutting rates and must also ensure that banks pass on the benefits to borrowers
According to Ajay Srivastava, CEO, Dimensions Consulting, the first steps of revival will start with banking sector. He expects Nifty at 7800 to be a comfortable level to enter the market.
According to Ajay Srivastava, CEO at Dimensions Consulting, one may prefer IT stocks on dips.
Ajay Srivastava, CEO at Dimensions Consulting is of the view that one may prefer pharma and telecom stocks as they are going to give the best returns in the next three to five years.
Ajay Srivastava, CEO, Dimensions Consulting says large portion on FII investment could escape the MAT net on DTAA (double taxation) agreements.
Banks helped the market recover in last couple of hours of trade while telecom, pharma, FMCG and index heavyweights like Reliance & HDFC saw consistent selling pressure.
Ajay Srivastava, CEO at Dimensions Consulting is of the view that one may prefer telecom stocks with long term view.
Ajay Srivastava of Dimensions Consulting is gung-ho on pharma sector and recommends not selling this space ever. He is confident that pharma is a multi-year story and investors can still make money over the next two-three years
Hailing Finance Minister Arun Jaitley's maiden full year Budget, Rahul Bajaj, Chairman, Bajaj Auto said the FM has done a great job
It is already clear that the improvement will take longer than what was initially expected, to play out and that could be the trigger for the post-Budget sell off, feels Shrivastava
In general, Srivastava feels 2015 will be a year in which large cap stocks across sectors will do well.
Discussing the current trend and future outlook, Ajay Srivastava, CEO, Dimensions Consulting, said though there is lot of comfort on liquidity side, trouble lies on the fundamental side of Indian economy.
Ajay Srivastava, CEO at Dimensions Consulting is of the view that one may stay away from metal space.
According to Srivastava, it is not safe to short in this market but cutting down on profit is highly recommended. He believes there is no good buying opportunity now and â€˜buy on dips‘ must be avoided until Budget.
Srivastava is advising investors to be cautious while investing in midcaps as the gains in quite a few are unwarranted
Ajay Srivastava, CEO of Dimensions Consulting recommends buying Tech Mahindra, Infosys and Oracle Financial Technology.
Ajay Srivastava, CEO of Dimensions Consulting recommends buying Kotak Mahindra Bank for long term.
Ajay Srivastava is bullish on cement, tyre, IT and pharma space. Among stocks, Srivastava likes JK Lakshmi, Shree cement, Sun Pharma, Lupin, Tech Mahindra, Infosys and Oracle.
Commenting the market‘s move, Raamdeo Agrawal, joint managing director, Motilal Oswal, said the recent selling for foreign investors had abated and this had pushed markets higher and that one was likely to see fresh highs ahead.
In an interview to CNBC-TV18, Ajay Srivastava, CEO, Dimensions Consulting, said the current rally in the market is driven by global liquidity and not just dependant on Indian factors.
Srivastava feels the market on the whole, barring a few pockets, is expensive. In addition, there is also a volatile global scenario to contend with.
According to Ajay Srivastava, CEO at Dimension Consulting, Jindal Steel & Power is a arbitrage buy.
According to Ajay Srivastava, CEO at Dimension Consulting, Tech Mahindra is the top pick in the IT sector.
Ajay Srivastava, CEO at Dimension Consulting prefers Bharat Petroleum Corporation and Indian Oil Corporation.
Ajay Srivastava, CEO at Dimension Consulting prefers power companies, which will give 20-30 percent annualised return.