Independent market expert Ambareesh Baliga suggests that one should buy Yes Bank when there is a dip seen in the stock and not right now.
In an interview with CNBC-TV18, Baliga said, “I think this rally should halt for a while because the way I see it is for the March quarter, we could see some more write-offs and some more provisions. So, as and when that figure comes out, possibly we could see a dip. I think that should be the time to buy Yes Bank and not right now.”
On Maruti Suzuki, Baliga said, “Maybe in the next 3-4 months when we start seeing monthly data uptick which we have not been used to in the last couple of months, once we start seeing that, I think buyers will come back to Maruti. So, I think that Rs 6,500-7,000 band is more or less a consolidation band and we should see some sort of an uptick in this.