Saurabh Mukherjea, Head of Equities of Ambit Capital suggests buying Tata Motors.
Saurabh Mukherjea, Head of Equities of Ambit Capital suggests to prefer Balkrishna Industries and Elgi Equipments. "Elgi Equipments is a Coimbatore based air compressor manufacturer. It has strong balance sheet, strong cash flows and around 15 times earnings with an export franchise in Europe and America," he adds.
Saurabh Mukherjea, Head of Equities of Ambit Capital feels that Ashoka Buildcon looks cheap. "It is good road company to look at. It will be a much more valuable company in two-three years time," Mukherjea adds.
Speaking to CNBC-TV18, Saurabh Mukherjea of Ambit Capital says the market will now be eyeing the new Reserve Bank Governor Raghuram Rajan‘s takeover and the policy statements coming from him. He believes the central bank will focus on defending the rupee, that has depreciated 25 percent year-to-date, thereby tightening the monetary policy.
After RBI tightened liquidity and pushed up short-term rates in mid-July most of the brokerages have downgraded India's FY14 GDP forecast, due to which the Bank Nifty which is the closest proxy of the economy on the stock markets has fallen 17 percent since mid-July.
Saurabh Mukherjea, Head of Equities at Ambit Capital is of the view that one may sell ITC.
Success is a greasy pole. It is tough to go up, tougher still to stay up there when rivals are aiming for the same pole positions.
Gaurav Mehta of Ambit Capital says the Nifty is likely to break the previous high of 6350 successfully in calender year 2013.
Ankur Rudra feels that the fair value for Just Dial stock is closer to Rs 440, which is 20-25 percent lower from current levels. Investors who have made money on it should exit the stock now
Unlike most analysts, Saurabh Mukherjea of Ambit Capital dissuades buyers to look at private sector banks which are now "overvalued." He like L&T in the infra space and Tata Motors in the auto space.
Market reacted positively on NR Narayana Murthy's return as its stock surged 8 percent higher in the opening trade. But, brokerages see challenges ahead for Murthy as it judged its problems as deep.
Andrew Holland, CEO, Ambit Investment Advisors, said that inflows seen coming into the Indian equity market are primarily ETF driven and ETF inflows could reverse quickly.
Pramod Gubbi, VP-Sales, Ambit Capital said since the liquidity inflows are likely to remain steady going forward for India, the market see some gains on back of that. However, market could see some consolidation in the near-term, he added.
According to Saurabh Mukherjea, Head of Equities of Ambit Capital, Motilal Oswal is a quite attractive bet in the stock broking space.
Saurabh Mukherjea, Head of Equities of Ambit Capital advised retail investors to buy Ashoka Buildcon. They will benefit quite nicely over the next couple of years.
Saurabh Mukherjea, Head of Equities of Ambit Capital said Bharti Airtel remained their strongest bet in telecom space. But if Idea falls 10-15 percent from current level, then that would be worth looking at, he added.
Even while telecom major, Bharti Airtel posted disappointing Q4 numbers, Ankur Rudra of Ambit Capital is not change his positive stance on the stock. The company today posted its Q4 net profit of Rs 508.6 crore, way below what analysts were expecting.
FY2014 may be looking a brighter growth year than FY2013 for IT firms, but hiring activity especially among freshers/trainees, doesn't seem to be in sync with it.
Indian software services firm Infosys Ltd's stepped-up sales push, including a willingness to sacrifice margins, is helping it win business and halt its loss of market share to industry leader Tata Consultancy Services.
The 2G trial court on Tuesday summoned Bharti's Sunil Mittal, Vodafone's Asim Ghosh and Essar's Ravi Ria over irregularities in the additional 2G spectrum allocated in 2002.
Ankur Rudra, Ambit Capital is of the view that one can buy HCL Technologies, TCS.
Ashok Wadhwa of Ambit Capital believes use of the term, 'beneficial ownership' is worrying investors and its context is now key to interpreting what the Finance Ministry intends to do. He also added that Chidambaram's intent seems to continue honouring the Mauritius route.
According to Saurabh Mukherjea, head of equities at Ambit Capital, the heavy sell-off in the market is due to a funding crunch in the local market and is not indicative of a negative Union Budget.
Midcap stocks have been bruised and battered this month, with most of the companies making losses in the December quarter earnings. However, there is still optimism left for the midcap sector as most analysts feel that the next quarter looks hopeful.
Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.