Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital feels that one may see 50-60 percent upside in TVS Motor Company over the next couple of years.
Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital is of the view that one may buy Voltas.
Structurally, Indian equities will be driven by local events like general elections and macro-economic data in the second half of the year, Saurabh Mukherjea, CEO, Institutional Equities, Ambit Capital said,
Other than Bharti, Saurabh Mukherjea of Ambit Capital is keeping a keen eye on Ashok Leyland, Britannia and Bajaj Electricals.
Manish Sonthalia, Motilal Oswal AMC is bullish on the market going forward. He thinks Nifty could scale to 7000 by March 2014.
Saurabh Mukherjea of Ambit Capital recommends buying HCL Technologies within the largecap IT space.
Saurabh Mukherjea of Ambit Capital is of the view that one may buy Tata Motors. "It should be part of portfolio," he added.
Saurabh Mukherjea of Ambit Capital recommends keeping Bajaj Auto in the core portfolio.
According to Saurabh Mukherjea, CEO, Institutional Equities at Ambit Capital, one may buy TTK Prestige. "The company is growing revenues at something like 50-60 percent every year in north India," he adds.
Saurabh Mukherjea, CEO, Institutional Equities at Ambit Capital is of the view that one may buy Eicher Motors for 15-20 percent upside.
According to Saurabh Mukherjea, CEO, Institutional Equities at Ambit Capital, one may see 15-20 percent upside in Power Grid Corporation of India in a year.
Speaking of the more impending monetary policy meet tomorrow, Ambit Capital's Saurabh Mukherjea said a 25 bps rate hike is highly likely given the runaway price rise. If the inflation data stays as punchy, then another 25 bps rate hike cannot be ruled out in January, as it is the only tool left with the RBI to tackle price rise.
Rajen Shah, Angel Stock Broking sees huge opportunity in the BSE midcap and smallcap space because a significant re-rating of that space is on the cards.
Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital is of the view that one may prefer Larsen and Toubro (L&T).
Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital expects 20 percent upside in Exide Industries over the next year or so.
Ambit Capital is positive on the market in the long-term. Meanwhile, for the near-term, it recommends booking profits in defensive stocks like IT, pharma, FMCG, and banking.
Saurabh Mukherjea of Ambit Capital suggests staying away from private sector banks as these stocks may head lower.
Saurabh Mukherjea, Head-Equities, Ambit Capital, advises traders to continue to buy high quality names in the market. Apart from that CCI removing the logjam in infrastructure projects is a big positive and would certainly help companies or stocks like L&T and Cummins India.
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.
Rupee‘s downfall will continue to be a fundamental challenge, Saurabh Mukherjea, chief executive officer- Institutional Equities, Ambit Capital.
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 Maruti Suzuki is looking attractive at Rs 1300.