Capital markets regulator Sebi on Thursday streamlined the process of providing its approval to the proposed change in control of a portfolio manager.
This range should be utilized to initiate fresh long positions in the Nifty by keeping a stop loss at 11900 on a closing basis. A level above 12,246 resistance would extend the gains towards 12,430 and 12,600 in Nifty.
Buffeted by a 68 percent plunge in the price of silver since 2011, miners who traditionally made most of their money from silver are increasingly diversifying into gold, buying mines that have been put up for sale and looking to acquire more.
According to the Securities and Exchange Board of India (Sebi), Assets Under Management (AUM) of portfolio managers increased to Rs 7.01 lakh crore at the end of June, from Rs 6.17 lakh crore in the previous month.
One can select IndusInd Bank and Axis Bank from private banking space at current levels and hope to get about 15-20 percent in the next six months, says PN Vijay, Portfolio Manager.
According to Portfolio Manager, PN Vijay, one should not buy Suzlon Energy as lot of negatives are working on the company.
Portfolio Manager, PN Vijay is bullish on L&T despite the stock falling heavily on Thursday. He is bullish on the real estate sector. Also, he suggests buying pharma stock Wockhardt, on dips.
One can prefer IndusInd Bank and Yes Bank in the private sector banking space, says PN Vijay, Portfolio Manager.
PN Vijay, Portfolio Manager is of the view that one can add Maruti Suzuki at every dip and the stock can touch Rs 2000 in the next 12 months.
One can exit some of his/her holdings in Reliance Communications, says PN Vijay, Portfolio Manager.
On the ground, PN Vijay says, its (political issues) impact on the actual macros of India like current account deficit or interest rates is going to be marginal.
In an interview to CNBC-TV18 portfolio manager PN Vijay shared outlook and trading strategies for stocks across various sector.
IndusInd Bank is a good bet, says PN Vijay, Portfolio Manager, askpnvijay.com.
PN Vijay, Portfolio Manager, askpnvijay.com advises to buy HCL Tech on every decline.
M&M is looking good, says PN Vijay, Portfolio Manager, askpnvijay.com.
PN Vijay, Portfolio Manager said he would rate oil & gas as the best sector in the economy right now. According to him, Reliance could be a safe buy.
PN Vijay, Portfolio Manager expects a bull run in private sector banks instead of gold loan financing companies.
PN Vijay, portfolio manager, askpnvijay.com advises to buy Maruti Suzuki at current levels.
One can prefer Glenmark Pharma and Ipca Labs, says PN Vijay, Portfolio Manager.
If Infosys pan out to be reasonably good and inline with the good ones of Q3, one can see the stock really going up another 10 percent in the next three-four months., says PN Vijay, Portfolio Manager.
PN Vijay, Portfolio Manager is continues to bet on Maruti Suzuki.
In an interview to CNBC-TV18, portfolio manager PN Vijay spoke about various stocks, sector and all that is making news in the market right now.
PN Vijay, Portfolio Manager said he would not buy Tata Motors now. According to him, there is still a lot of risk involved in buying it at this point in time.
PN Vijay, Portfolio Manager feels that around Rs 240, DLF is an excellent pick. According to him, the company is straightening out its balance sheet very nicely.
According to PN Vijay, Portfolio Manager, ICICI Bank above Rs 1,000 could be very attractive. He feels the stock could give even above 20 percent returns in the next 12 months.