Ajay Srivastava, CEO of Dimensions Consulting is of the view that Hexaware Technologies may touch Rs 140-150 because the employee issues will get settled in and Baring‘s network should get them some amount of semblance or more credibility.
The share value of banks will increase because of policy initiatives. The basic pricing module for most metal companies rests on dollar based pricing overseas. But, Ajay Srivastava feels infrastructure and real estate companies will continue to see pain
RBI moves not just spooked the market, but confirmed the reality that it is more grim than what was assumed and the road to recovery will be much, much shallower and won't be v-shaped
Ajay Srivastava, CEO at Dimensions Consulting Pvt. Ltd feels that HDFC Bank should still decline more. "It has already come down from Rs 700 to something like Rs 600 odd yesterday. It has been the lowest among all the internal declines, but it should still decline more," he adds.
There is no need to sell MNC consumer companies such as HUL, or some of the themes which are emerging in the market, such as liquor companies. But if an investor has a leveraged block, or PSU block, there will be trouble if they hold on to it, because even if there is a pullback rally, the chances of these stocks being a part of it are less.
advices against buying Yes Bank at the current moment because although it is a good stock, there are huge deliveries taking place in the stock.
One can accumulate Yes Bank if it falls another 4-5 percent, says Ajay Srivastava, CEO of Dimensions Consulting.
Ajay Srivastava, CEO of Dimensions Consulting is of the view that one can expect decent returns in Larsen and Toubro (L&T) and Reliance Infrastructure.
One should buy private sector banks on declines, says Ajay Srivastava, CEO of Dimensions Consulting Pvt Ltd. "Private sector banks will continue to gain the market share and profitability and expect stellar returns in the next six months," he adds.
Ajay Srivastava believes private sector banks will continue to gain the market share and profitability, a short-term pain like Tuesday is likely, but these banks will yield good returns in the next six months.
One can buy oil marketing companies stocks if the government passes through the cost to the public, says Ajay Srivastava, CEO at Dimensions Consulting.
Ajay Srivastava, CEO at Dimensions Consulting is of the view that one can buy Hindustan Unilever (HUL). "If the rupee goes to 65-70 per dollar over the next three-four years HUL is a definitely will go to 100 percent," he adds.
According to Ajay Srivastava, CEO at Dimensions Consulting, Reliance Infrastructure is looking very attractive. He expects Reliance Capital to move up.
Ajay Srivastava, CEO of Dimensions Consulting feels that investors should not buy Infosys till June Quarter. He feels that June quarter may give a lot of negative surprises.
According to Ajay Srivastava, CEO of Dimensions Consulting, buying PSU stocks does not make sense for the year 2013.
Ajay Srivastava, CEO of Dimensions Consulting feels that 100 percent leverage acquisition by Apollo Tyres will be a huge negative for the stock.
Ajay Srivastava, CEO of Dimensions Consulting feels that Titan Industries is a good value buy and a good company by and large but there is lack of clarity on what the regulatory change means to the industry.
The pressure is mounting on RBI to cut the interest rates to boost industrial growth, which declined to 2.2 per cent in April says, Ajay Srivastava. Though not betting on a rate cut, he is hoping for a roadmap for interest rate reduction.
Dimensions Consulting's CEO Ajay Srivastava said one should not buy capital goods space as the demand is contracting.
Ajay Srivastava, CEO of Dimensions Consulting advised buying oil marketing companies as these stocks could be almost doubled in next one or two years.
Ajay Srivastava, CEO of Dimensions Consulting said he should definitely buy Coal India. "Pricing parity-wise they are still way off globally. It's a quality asset, and it has got huge cash reserves," he reasoned.
Ajay Srivastava, CEO of Dimensions Consulting says one should not buy Infosys now. "The June quarter results could be looking more disastrous," he reasons.
Ajay Srivastava, CEO of Dimensions Consulting said they were short in real estate and two-wheeler stocks. According to him, both markets will get affected.
According to Ajay Srivastava, CEO of Dimensions Consulting, one must have oil marketing companies‘ shares in the portfolio rather than production companies.
Ajay Srivastava, CEO, Dimensions Consulting feels that Karnataka election results, which will be announced today will give some buoyancy to market.