Saurabh Mukherjea, head of equities, Ambit Capital sees the BSE Sensex at 23,000 levels in the next 12-18 months. He expects a 5% upmove in the markets before the Winter Session of the Parliament.
Given the quality of the franchise and the attractive valuations Maruti Suzuki are available at, I think there is 10-15% upside here and I think it‘s good to see some serious money coming into the stock, says Saurabh Mukherjea, Head of Equities, Ambit Capital.
Buy Bharti Airtel, says Saurabh Mukherjea, Head of Equities, Ambit Capital. We believe that the current phase of price cutting that we are seeing in telecom is more a strategic price cutting exercise that the three leaders are indulging in to make sure that other people stay out of the coming auction.
See 30-40% upside in Voltas, says Saurabh Mukherjea, Head of Equities, Ambit Capital. It‘s a mixture of a high class consumer discretionary spend, so the air conditioning business seems to go from the strength to strength and on the construction and mechanical electrical plumbing side, they are a class apart from anybody else in our country.
Accumulate HPCL on dips, says Saurabh Mukherjea, Ambit Capital.
Tata Steel is a top pick, says Saurabh Mukherjea, Ambit Capital.
US engine maker Cummins Inc cut its full-year sales forecast on Tuesday, sending its shares down 10% at one point and leading a fall in US stocks.
Global cues have started dwindling again, taking markets down as well. European markets gave up quite a bit of those gains they earned post the EU summit and the European Central Bank (ECB) and Bank of England (BoE) monetary policy meetings.
At closing bell, the frontline indices closed with cuts of around 1.5% each. But experts haven‘t given up on the market yet. They are optimistic in the near-term. According to them, the uptrend is still intact.
Saurabh Mukherjea, HD-Equities of Ambit Capital is of the view that the markets have been going through a volatile situation and though, results from Greece were positive, market sentiment continues to remain weak.
Ridham Desai of Morgan Stanley said they continued to choose midcaps over large-caps, given the valuation gap.
After a continuous losing streak, Indian market has started to look firm with high expectations of the Reserve Bank of India cutting key rates in its monetary policy review on June 18. Experts say this is the best time to put back money into the market as valuations are compelling enough to be reducing cash levels.
Saurabh Mukherjea, Ambit Capital said they believe this is a good time to invest in India as valuations are the most attractive that they have been in a decade.
The Indian market is badly hit by global as well as domestic factors. Saurabh Mukherjea of Ambit Capital says, this was always on the cards with Greece descending into political chaos. He advises investors to focus on sectors such as auto, IT rather than trying to buy banks, real estate, power and infrastructure.
In the last decade, investors had resorted to sell-in-May-and-go-away approach not once, but six times. This may not hold true this year; as it wasn't in few intermittent years, when market went up in the month of May.
Buy Torrent Power, says Saurabh Mukherjea, Ambit Capital.
Saurabh Mukherjea of Ambit Capital expects topline growth of Indian companies to remain sluggish.
It's been a scary start to the week with the indices suffering deep gashes. The broader markets lead the fall and the global markets too did nothing to help. From a peak at the 5,600 level last week, the Nifty tumbled all the way below the 5,300 today losing over 148 points.
It was bloodbath on Dalal Street. The Indian market corrected very sharply. Experts feel there could be further downside. They are cautious on the market now and are advising investors to book profits.
There is no stopping the Nifty in the month of February. Within two hours of opening, the Nifty raced more than 80 points to cross 5500, a first since its hey days of early August 2011.
Experts believe that the Nifty is overdue for a correction, if not correction, then atleast a pause. They advise investors to book profits.
Saurabh Mukherjea, Head of Equities, Ambit Capital shares his view on SBI and Kingfisher Airlines.
HCL Tech is a best bet in IT space, says Saurabh Mukherjea, Head of Equities, Ambit Capital.
Saurabh Mukherjea, head of equities at Ambit Capital predicts that January-February could be painful months for Indian equities.
“What is happening in Europe doesn’t board well for the world, so from that perspective 14,500 levels remains very much in play for the Sensex, Mukherjea said in an interview to CNBC-TV18.