Sudip Bandyopadhyay on 2 stocks to buy if the market falls further
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says Larsen &Toubro is a fantastic story with a strong tailwind behind it, whether it is construction, infra, domestic, or international including hydrocarbon, it has got a long way to go. So, correction is a buying opportunity. The other share is Reliance. If there is further correction, it is worth looking at. From a long-term investor's point of view, Reliance with correction is a good buy.
Would you say that Friday’s fall seems more global?
Sudip Bandyopadhyay: Well, definitely it is global. Since Monday, global markets have been correcting and we have been holding somehow from Monday till Thursday. On Friday, Indian markets also took a beating. There are fears around the US non-farm payroll data, which comes out in the evening and there is a bit of nervousness. Also, supposedly there is little concern about the non-compliant FIIs exiting Indian markets because from Monday onwards, they either have to be compliant or shut shop. So, there is a bit of confusion around that. Not sure what is the impact exactly.
But there is a general sense of nervousness in the market. All these things, together with the fact that Indian markets were at all-time highs, created this correction. I do not think I will be too perturbed. I think such high levels and after markets have rallied continuously for a long period, a bit of correction or profit-taking is good for the market's health.
If the market were to fall further, would you look at adding positions to any of the
