Buy Bharti and Idea at current levels for outperformance, says Suresh A Mahadevan, Head of India Research - UBS Securities.
Suresh A Mahadevan, Head of India Research - UBS Securities is neutral on Reliance Industries.
With disappointments by heavyweights in the earning season, high inflation and higher crude prices, Suresh A Mahadevan, head of India research with UBS Securities says it is surprising to see how the market has held up despite the odds.
Suresh A Mahadevan head of India research at UBS Securities feels that the indices have been afloat on resilient S&P, carry trade and the belief that negatives have been priced in earlier, but that is not the case. "They have been ignoring marginal negative news like crude and disappointing earnings, which may cause a slight (5-10%) pullback."
Suresh A Mahadevan, Head of India Research - UBS Securities is positive on infrastructure space.
Suresh A Mahadevan, Head of India Research - UBS Securities is positive on IT services.
Suresh A Mahadevan, Head of India Research - UBS Securities is positive on Coal India, Tata Steel and Sterlite Ind.
Suresh A Mahadevan, head of India research, UBS Securities says, it will be a buying opportunity, if markets correct on the back of Japan. According to him, barring oil, most of the bad news may already be in the price. “It is time to buy select names,” he adds.
We view any weakness in the Indian markets due to political uncertainty, as a buying opportunity to buy select large caps, says Suresh A Mahadevan of UBS.
Suresh A Mahadevan, UBS Securities is positive on Coal India.
Suresh A Mahadevan, UBS Securities is positive on auto space.
Suresh A Mahadevan, UBS Securities is positive on Patni Computer.
As we embark on a new year, there is bitter taste left in mouth markets could not touch all time high in 2010. However, experts feel that 2011 is poised to be a steady year for the markets.