Not time yet to buy the dip in Adani Ports: Vinit Bolinjkar

economictimes.indiatimes.com:

Vinit Bolinjkar, Head of Research, Ventura Securities, says “Haifa port was a crucial cog in the wheel of Adani Ports. As the Adani group is in infrastructure, debt is a large part of their programme. That stock is taking a hit because of the uncertainty created by the Middle East tensions. Also the Supreme Court hearing on the Hindenburg Report is on October 13. So, we might as well wait until that before taking any fresh exposure to Adani stocks.”

On PSU banks
In the last runup, they were the ones that had outperformed the most.

And now there is a correction taking place. Profit-booking is happening and because of that, we are seeing some downticks in these stocks. But I believe that once this event is over with the episode in the Middle East, the flavour will come back into these stocks.

So if you have the stock, continue to hold on to it. As the market settles and finds its bottom over the next couple of weeks, that will be the time when we would be looking to enter these stocks.

In Adani group of stocks, will you buy this dip?
Haifa port was a crucial cog in the wheel of Adani Ports. We all know that the Adani group is into infrastructure and so debt is a large part of their programme.

So that stock is taking a hit because of the uncertainty created due to the Middle East tensions. But apart from that, the other stocks offer a good window of opportunity. Having said that, we have the Supreme Court hearing on the Hindenburg Report on October 13.