Risk return favours buying small/midcap stocks which have good management, corporate governance standards, and clean balance sheets, said Mehta.
Broad market revival is expected and sectors sensitive to the economy such as banks, commodities, and industrials. These have underperformed for many quarters and the trend may reverse, says the Director at Elixir Equities Pvt Ltd
There was collateral damage across all scrips, even blue-chip ones, which were not on Harshad Mehta’s buy list, Mehta added
The trend may continue for a few more weeks, but large scale follow up buying is likely to emerge only if there is a favourable outcome in the Lok Sabha elections.
We are positive on overall consumption themes both urban and rural. There are specific consumption related sectors which are doing well and investors could focus there.
We could hit 11,000 in December provided state election results are as per expectations. Any nasty surprises could derail this rally and take markets to lower support levels.
In an interview to CNBC-TV18, Dipan Mehta, Member BSE & NSE, spoke about his reading of the market and his outlook on a few stocks.
Watch accompanying videos of Investor Camp, it held in Vadodara wherein experts like Dipan Mehta, Member of BSE & NSE, E Prasanth Prabhakaran, Senior President & CEO of YES Securities (India) Limited and Mitessh Thakkar of miteshthacker.com shared their readings and outlook on the market and specific sectors.
Money will continue to flow into the market, so distinct possibility of the market reaching highs in FY18 with financial services sector leading the up move, says Mehraboon Irani.
Go for secular growth stories, where earnings have been predictable and corporate governance standards have been good, says Dipan Mehta Member BSE & NSE.
In an interview to CNBC-TV18, Dipan Mehta, Member of BSE & NSE shared his readings and outlook on specific stocks and sectors.
Watch the interview of Sudarshan Sukhani, Ashwani Gujral, Prakash Gaba, Dipan Mehta and Hemant Thukral with Anuj Singhal, Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Amisha Vora, Joint Managing Director, Prabhudas Lilladher says markets are showing good amount of resilience. This resilience and inflows could continue, so its still a buy on decline market.
"Global markets have been attractive and supportive. Domestically, anecdotally as well, as hard figures are suggesting that more financial savings have been deployed in to equity through the mutual fund and various routes, which is driving the market at this time," Dipan Mehta said.
Dipan Mehta, Member at BSE & NSE is of the view that one can exit Axis Bank if the stock rallies even further from current level.
India's largest software company confirmed this morning that it would consider doing a buyback on February 20.
In an interview to CNBC-TV18, Dipan Mehta, Member of BSE & NSE shared his readings and outlook on specific stocks and sector.
Watch the interview of Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba, Dipan Mehta, and Hemant Thukral with Latha Venkatesh, Anuj Singhal, and Sonia Shenoy on CNBC-TV18, in which they shared their readings and outlook on market technicals, fundamentals and F&O side of the market as well as specific stocks and sectors.
One should buy strong stocks on every decline, said Ashwani Gujral of ashwanigujral.com, adding that he anticipates a bigger move tomorrow post the policy announcement by Reserve Bank of India (RBI).
Watch Investor Camp, held at Chennai, in which Prakash Diwan of Altamount Capital and Dipan Mehta, Member BSE & NSE shared their readings and outlook on the market and what lies ahead.
Dipan Mehta, Memeber at BSE & NSE has a slightly underweight and negative stance on the cement industry.
In an exclusive CNBC-TV18 panel discussion, market experts SP Tulsian, Dipan Mehta, Daljeet Singh Kohli and Prakash Diwan listed out their top stock bets ahead of the Budget.