pranshu.bansal: Hi Sir, Any views on FirstSource Solutions. I have bought the share at 8.5 Rs. for short term trading. The financials looks good but its falling continuously? Any views
Ambareesh Baliga: If one looks at the financials there are a host of stocks which are looking extremely cheap but they get cheaper by the day due to other overwhelming factors. Whatever you buy, have a clear conviction on the story so that you have confidence to buy more at lower levels.
baskar_mvc1993: sir, please tell me your views on MLL, i have 1000 shares of 20.95
Ambareesh Baliga: MLL - hold. The sector overall is going through a slow down - but at the current price point - don`t see much of a downside
bediks: Sir, pls give us few names to buy in this market.
Ambareesh Baliga: We have been buying Exide, Ceat, ILFS Trans, Talwalkars, Jain Irrigation
rgbh2001: Hello Sir, I have bought GMR INFRA@25, GVK POWER@10.70 & l&T@1350 for Two Years. Can I average the same holdings on further falls?
Ambareesh Baliga: Wait for a while for averaging. GMR looked good for averaging @ 20/- but with new problem they are facing in Maldives - the stock is seeking lower levels. Similarly it is better to wait for a reversal before venturing out to average.
pranshare: i am holding 4600put@35 ... what should my call in comming days on that
Ambareesh Baliga: If 4700 breaks decisively you will end up with a huge profit.
erminedf: Sir, What is yr views on indo thai securities
Ambareesh Baliga: Don`t even look at it....
rgbh2001: Hello Sir, Ur views on Banking Sector @ present scenario?
Ambareesh Baliga: Most of the negative factors are priced in. A possible CRR cut could be a big booster. Don`t see too much downside and could be the front runner on the way up.
aganpat: sir, is it good to buy tata motors, tata steel, sbi, lt now? i already have some, but i like to average
Ambareesh Baliga: As mentioned above - wait a while before averaging. But for fresh purchase, if you have the patience and money for holding on for next 12-18 months - go ahead.
deepesh1975: Dear Sir, Can u give your views on RIL and Cairn Regards, Deepesh
Ambareesh Baliga: RIL - irrespective of the uncertainty with the authorities domestically, the company is scouting for oil assets abroad. That should be a big trigger... await that announcement. The stock has underperformed long enough.
raj3010: Dear sir, wat can i do about this market? When again rally towards up?????
Ambareesh Baliga: Better to wait on the sidelines for a while if you are already invested to a certain extent. Commit the rest of the money only when you see a consolidation and move upwards. It could take 2 months or 6 months .... may be more... No one really knows as the situation is too fluid. But if one has the patience of another year or so.. this is great opportunity. Be prepared to endure the pain of the next few months.
saini_ravi: Hello, What are your views on Sintex and Nilkamal? Thanks
Ambareesh Baliga: Sintex would be directly linked to the rupee. the day you see a further depreciation in the rupee, sintex will see a correction. But business wise it makes a lots of sense to buy - especially if you beleive that the rupee will appreicate in the next 12 months.
Ambareesh Baliga: thanks everybody... there seems to be some issue with my internet connection which is too slow... look forward to catch up with all of you soon
Ambareesh Baliga: If one looks at the financials there are a host of stocks which are looking extremely cheap but they get cheaper by the day due to other overwhelming factors. Whatever you buy, have a clear conviction on the story so that you have confidence to buy more at lower levels.
baskar_mvc1993: sir, please tell me your views on MLL, i have 1000 shares of 20.95
Ambareesh Baliga: MLL - hold. The sector overall is going through a slow down - but at the current price point - don`t see much of a downside
bediks: Sir, pls give us few names to buy in this market.
Ambareesh Baliga: We have been buying Exide, Ceat, ILFS Trans, Talwalkars, Jain Irrigation
rgbh2001: Hello Sir, I have bought GMR INFRA@25, GVK POWER@10.70 & l&T@1350 for Two Years. Can I average the same holdings on further falls?
Ambareesh Baliga: Wait for a while for averaging. GMR looked good for averaging @ 20/- but with new problem they are facing in Maldives - the stock is seeking lower levels. Similarly it is better to wait for a reversal before venturing out to average.
pranshare: i am holding 4600put@35 ... what should my call in comming days on that
Ambareesh Baliga: If 4700 breaks decisively you will end up with a huge profit.
erminedf: Sir, What is yr views on indo thai securities
Ambareesh Baliga: Don`t even look at it....
rgbh2001: Hello Sir, Ur views on Banking Sector @ present scenario?
Ambareesh Baliga: Most of the negative factors are priced in. A possible CRR cut could be a big booster. Don`t see too much downside and could be the front runner on the way up.
aganpat: sir, is it good to buy tata motors, tata steel, sbi, lt now? i already have some, but i like to average
Ambareesh Baliga: As mentioned above - wait a while before averaging. But for fresh purchase, if you have the patience and money for holding on for next 12-18 months - go ahead.
deepesh1975: Dear Sir, Can u give your views on RIL and Cairn Regards, Deepesh
Ambareesh Baliga: RIL - irrespective of the uncertainty with the authorities domestically, the company is scouting for oil assets abroad. That should be a big trigger... await that announcement. The stock has underperformed long enough.
raj3010: Dear sir, wat can i do about this market? When again rally towards up?????
Ambareesh Baliga: Better to wait on the sidelines for a while if you are already invested to a certain extent. Commit the rest of the money only when you see a consolidation and move upwards. It could take 2 months or 6 months .... may be more... No one really knows as the situation is too fluid. But if one has the patience of another year or so.. this is great opportunity. Be prepared to endure the pain of the next few months.
saini_ravi: Hello, What are your views on Sintex and Nilkamal? Thanks
Ambareesh Baliga: Sintex would be directly linked to the rupee. the day you see a further depreciation in the rupee, sintex will see a correction. But business wise it makes a lots of sense to buy - especially if you beleive that the rupee will appreicate in the next 12 months.
Ambareesh Baliga: thanks everybody... there seems to be some issue with my internet connection which is too slow... look forward to catch up with all of you soon
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