Limited downside is seen in BHEL, says Pramod Gubbi, VP- Sales, Ambit Capital.
Sobha Developers, Prestige Estate and DLF are top picks in real estate space, says Pramod Gubbi, VP- Sales, Ambit Capital.
Bank of Baroda and PNB are looking good amongst banks, says Pramod Gubbi, VP- Sales, Ambit Capital.
Pramod Gubbi, vice-president â€“ sales, Ambit Capital, says that we remain constructive on the market for two reasons, broadly domestic and global cues.
Unitech is a trading bet, says Andrew Holland, CEO - Equities, Ambit Capital.
Andrew Holland, CEO (Equities), Ambit Capital says India is one of the worst performing markets globally this year. "It might be flashing green, but stock prices are really not moving," he told CNBC-TV18 in an interview.
Stock-pickers betting on an Indian economic rebound may be disappointed by upcoming earnings reports from domestically focused companies, as consumer demand and infrastructure output remain weak and high inflation persists.
In order to account for rising costs, India‘s top mobile phone carrier, Bharti Airtel on Wednesday informed that it has raised its voice call prices.
In an interview to CNBC-TV18, Ankur Rudra, Ambit Capital said that there EPS expectation going into the results for the full year was Rs 163. Now they are likely to up it, given the stronger revenue growth guidance.
Saurabh Mukherjea, head of equities, Ambit Capital explains, in an analysis of the market on CNBC-TV18, that he does not foresee any possibility of an aggressive hike in diesel prices and expects the government to opt for modest hikes.
Andrew Holland of Ambit Capital believes a solution to the US fiscal cliff could be around the corner. Going into 2013, Holland feels the markets are set for all-time highs and may even book gains of around 15 percent.
Saurabh Mukherjea of Ambit Capital said they continued to remain cautious on financials and were underweight defensives & Oil & Gas. They maintained their 12-month Sensex target of 23,000, Mukherjea added.
Saurabh Mukherjea of Ambit Capital says the domestic political situation will be the biggest risk for our markets next year. He says Indian equities have had a decent run this year partly because of pro-reform stance of the government and partly on economic recovery in the US markets.
US market regulator SEC today charged four Indian brokerages -- Ambit Capital, Edelweiss, Financial Services, JM Financial, and Motilal Oswal Securities -- for violating registration rules and they have agreed to pay over USD 1.8 million to settle the charges.
Global markets have been subdued over the last few sessions. In an interview to CNBC-TV18, Andrew Holland, Ambit Capital says the new leadership in China would lead to positive noises about growth, going forward, for the country.
Ankur Rudra of Ambit Capital explains to CNBC-TV18 that the Cabinet approval of the one-time fee is an indicator that the government has realised that auction of spectrum is not a very viable route to raise revenue.
Buy Maruti Suzuki, says Saurabh Mukherjea, Ambit Capital. In Maruti Suzuki we will continue to ask clients to put money in. With Ertiga doing well and at the other end of the spectrum new 800 cc launch getting a good response.
Sell Exide Industries, says Saurabh Mukherjea, Ambit Capital. It is not a position that we would like to be in. It has historically been a superb franchise, but there is something going on inside that company where the numbers do not seem to make sense to us.
More downside in Crompton Greaves, says Saurabh Mukherjea, Ambit Capital.
Pramod Gubbi, vice president sales, Ambit Capital says Wipro's Q2 performance is largely in-line with estimates. However, he remains negative on Wipro and advises exit.
Saurabh Mukherjea of Ambit Capital says his estimate has been 5.8 percent for a while. "My sense is that the market probably expects some number in that vicinityâ€”5.75-5.8 percent," he adds.
Keep TTK Prestige in portfolio, says Saurabh Mukherjea, Head of Equities, Ambit Capital.
The Indian market rally seem to have taken a pause and Andrew Holland of Ambit Capital feels it is just a temporary phase before the market again starts moving upward. He is hopeful of seeing the Nifty around 6,000 by the end of the year.
After the recent rally, the Indian market has corrected sharply today. In an interview to CNBC-TV18, Saurabh Mukherjea, head of equities at Ambit Capital says he would not attribute this to national factor. He expects more reforms coming in the next few weeks.
BOB, Voltas and Sadbhav Engineering are looking attractive at current levels, says Saurabh Mukherjea, Head of Equities, Ambit Capital.