The BSE Sensex posted its biggest fall in nearly three weeks on Thursday after a slump in the rupee exacerbated worries about India's fiscal and economic challenges, as well as about foreign selling on the back of recent tax proposals.
Prashastha Seth of IIFL Private Wealth in an interview to CNBC-TV18 gave reading and outlook on stocks across various sectors while answering investor queries.
Prashastha Seth, IIFL Private Wealth feels that investors should hold their position in Orchid Chemicals.
Jain Irrigation is a good long term bet, says Prashastha Seth, IIFL Private Wealth.
Prashastha Seth, IIFL Private Wealth advices investors to hold Allahabad Bank for long term.
Prashastha Seth, Senior VP IIFL Private Wealth is of the view that one can avoid BHEL at current level.
Prashastha Seth, Senior VP IIFL Private Wealth is of the view that Lovable Lingerie at strong support at Rs 300.
Prashastha Seth, Senior VP IIFL Private Wealth is of the view that one can hold IVRCL. The stock can gain 20-30 % in six month time frame.
Prashastha Seth, senior vice president at IIFL Private Wealth suggested holding on to IVRCL. He further said that Lovable Lingerie is a good buy at Rs 300 levels and a good selling at Rs 450 levels. Moreover, he advised nibbling in Larsen and Toubro (L&T) at these levels, but avoid BHEL.
Hold Bharti Airtel, says Prashastha Seth
Do not sell Punj Lloyd at these levels, says Prashastha Seth, Senior VP, IIFL Private Wealth.
Exit Shree Renuka Sugars, says Prashastha Seth, Senior VP, IIFL Private Wealth.
Even though the broader index was relatively flat yesterday, the midcap space saw carnage. Prashastha Seth, Senior Vice President at IIFL Private Wealth believes that this volatility will continue till there is some certainty in terms of the economic outlook.
Accumulate Jaiprakash Associates with long term view, says Prashastha Seth, Senior VP-IIFL Private Wealth, IIFL.
Do not sell GVK Power at this level, says Prashastha Seth, Senior VP-IIFL Private Wealth, IIFL.
Prashastha Seth, Senior VP at IIFL Private Wealth view on midcap space.
Prashastha Seth, Senior VP at IIFL Private Wealth comments on Reliance Communications.
Amidst rising concerns of a further hike in interest rates by Reserve Bank of India, Prashastha Seth, senior vice-president of IIFL Private Wealth said that Indian banking stocks look positive with a long-term horizon as the banks will give a boost to the country's economic growth story.
Hold PNB, says Prashastha Seth, Senior VP, IIFL Private Wealth.
Reliance Industries is looking good for trading, says Prashastha Seth, Senior VP, IIFL Private Wealth.
Prashastha Seth, Senior VP IIFL Private Wealth, IIFL, in an interview with CNBC-TV18's Anuj Singhal and Sonia Shenoy, shared his views on the inflation numbers and how it is impacting India’s growth, and gave his outlook on few stock going forward.
Avoid sugar space, says Prashastha Seth, Senior VP IIFL Private Wealth, IIFL.
Ranbaxy Laboratories has target of Rs 520-530, says Prashastha Seth, Senior VP IIFL Private Wealth, IIFL.
I wouldn’t expect Glenmark Pharma to perform better from here on in the back of the out licensing deal, says Prashastha Seth, Senior VP IIFL Private Wealth, IIFL.
The Indian market was due for a bounce-back and it couldn't have come at a better time on an auspicious occasion like Akshaya Tritiya. It was a classic pullback led by rate sensitives, autos and banks which were wacked out of shape by the bears this week.