Sandeep Tandon, Quant Broking Stock recommendations
Posted: Sat Feb 18, 2017 8:55 pm
Oil companies particularly BP, are grossly overbought and valuations are expensive. We like IOC. So I will pick and choose in the energy index we like IOC a lot among PSUs; we like Reliance a lot from these levels.
But if I have to look for opportunity it could be in metal space. There is also opportunity in infrastructure stocks like Engineers India, BEL, BEML. These are the stocks which we think can give you good returns.
The second large theme is all about financial. We are quite bullish about banking and financial. But I do not see it going to be just one way vertical. We have seen 16% rally post November demonetisation. In last two days, even some amount of overbought situation was reached where long positions are extraordinary. We are seeing some pruning in PSU banks with some negative news. We can see a correction of 5%-8%. This theme is again stock specific.
http://economictimes.indiatimes.com/mar ... 220193.cms
But if I have to look for opportunity it could be in metal space. There is also opportunity in infrastructure stocks like Engineers India, BEL, BEML. These are the stocks which we think can give you good returns.
The second large theme is all about financial. We are quite bullish about banking and financial. But I do not see it going to be just one way vertical. We have seen 16% rally post November demonetisation. In last two days, even some amount of overbought situation was reached where long positions are extraordinary. We are seeing some pruning in PSU banks with some negative news. We can see a correction of 5%-8%. This theme is again stock specific.
http://economictimes.indiatimes.com/mar ... 220193.cms