3 top stock recommendations from CA Rudramurthy BV
«I would definitely advocate one to move into safe bets as well as defensive sector. It can be in IT or one can even look at FMCG, one can even have positions in pharma, so I will definitely advocate at current level. Definitely one has to be careful. You have to move into defensive sector,» says CA Rudramurthy BV, MD, Vachana Investments.
Yes, the divergent moves are coming in for the broader markets, but you have Nifty Bank charting new territory altogether 52,000.
CA Rudramurthy BV: See, for me, both Nifty and Bank Nifty now is consolidating closer to the all-time highs only and whatever clues we get now from the result season as well as budget will hold the key. I feel at current level, one has to have a wait and watch kind of approach. You have to be very-very sector specific and stock specific. I would definitely advocate one to move into safe bets as well as defensive sector. It can be in IT or one can even look at FMCG, one can even have positions in pharma, so I will definitely advocate at current level. Definitely one has to be careful. You have to move into defensive sector. Wait for result season to pan out. Let us see how even budget comes out and then take aggressive position. So, for sure, this is not the time to take aggressive position, not to be in high beta and one has to have reduced leverage and risk management will hold the key if you are a very short-term trader.
And what is your word coming in on Exide Industries? We are seeing a sharp volume move today coming in for Exide Industries. Any
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