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Ambareesh

Ambareesh Baliga  | Answer  |Ask -

Stock Market Expert - Answered on Feb 05, 2023

Ambareesh Baliga has 35 years of experience in different facets of the Indian equity market. In his long career, he has headed businesses in wealth management, fund management, corporate advisory, investment banking, retail finance and stock broking. Currently an independent strategy advisor to ultra high networth individuals and family offices, he regularly features as an expert on CNBC, CNBC Awaaz, NDTV and Zee Business. In the past, Baliga has worked with organisations such as Price Waterhouse, Kotak, Karvy, Way2Wealth and Edelweiss.... more
SMRUTI Question by SMRUTI on Feb 04, 2023Hindi
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sir, can u suggest some smallcap, midcap stock for long term? i have purchased ease my trip at Rs.72. Should i hold or exit

Ans: Even at current levels valuations are expensive despite high growth and being the only profitable company in the online space. The profitability dipped last quarter. Q3 earnings will be out on Monday, 6th Feb. In case you continue to see a fall in profitability - exit. Otherwise hold. However, you have bought at nearly 52 week high - so the wait could be long. I cannot suggest any stock picks since I provide that service as a paid one - will be doing injustice to my subscribers. (Disclaimer : The views given are personal. Please consult your CA or Investment Advisor/Tax Consultant before acting on my views)
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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