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Ultratech and Ambuja Cement are a great buying opportunity, says Ambareesh Baliga

Updated : October 30, 2018 05:22:32 IST

In an interview with CNBC-TV18, Ambareesh Baliga, independent market expert, shared his views on the fundamentals of the market.

On PSU banks, Baliga said that he has been buying it, although from a much higher level.

On the fall in Reliance Industries, Baliga said, “I will not say it is market mood because it has been better in the last two days. However, I think this is more due to the refining margins where we have seen a crack which was much more than what people would have expected."

On the cement space, Baliga said margins will improve over the next two or three quarters. So some of the stocks like Ultratech Cement or Ambuja Cement is a great opportunity to buy.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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