Book partial profits where gains are substantial: Kranthi Bathini
Investors seem to be in a wait and watch mode as markets are stuck in a tight range
Kranthi Bathini from Wealthmills Securities in a conversation with Money9 said, “Investors seem to be in a wait and watch mode as markets are stuck in a tight range. I advise booking profits where there are substantial gains and look at buying on dips wherever there are opportunities”
“Going forward, markets will now be driven by triggers from the earnings season which kicks in today. We expect to see strong results from IT sector,” he said.
Among sectors he is bullish on the auto sector on demand revival and pharmaceuticals amid the heightened activity on vaccinations.
For specific stocks he discussed his earlier recommendation like Subex which was recommended in February at the level of Rs 24 and now has given a 189%, he now recommends investors to book partial profits here.
As a new recommendations he said, “One can look at Fibreweb India which can potentially give 35% upside from the current levels of Rs 55 in a year’s time frame”