Disappointment from the Reserve Bank of India coupled with a global selloff added to the down trend in trades on Tuesday, says Avinash Gorakssakar, CIO & head of research at Precision Investment Services. Corporate earnings and monsoons would be the key for domestic markets going ahead, he added.
Stock Talk
Buy Eicher Motors: It is a quality blue-chip stock and there is no slowdown in their two-wheeler sales. Investors can buy this stock with a long term perspective.
Buy Tata Steel: The company may have found a buyer for its UK business. Q4 earnings are unlikely to be as bad as Q3 earnings.
Buy Tata Motors: Barring China, Jaguar Land Rover numbers look good. JLR has done well in US, Europe and UK. Investors can also look at buying Tata Motors DVR.
Buy Dish TV: Corporate earnings are likely to improve from first quarter of FY17. It is a value buy.
Buy Infosys: If the management surprises on earnings guidance, it will be a big sentiment booster for the stock. Management commentary will be crucial.
[“source-ndtv”]
