Two stock picks to make money in: G Chokkalingam

In a chat with ET Now, G Chokkalingam, Founder, Equinomics Research & Advisory, explains his wealth creation ideas.


Edited excerpts:


What are your recommendations?

Number one is Balmer Lawrie Investments Ltd. It is a holding company of Balmer Lawrie company and last week we saw the Goldman announcing strategic sale of stake in Bharat Earthmover.

Bharat Earthmover supplies vehicles and equipment. The Goldman decision on the strategic sale has given me a lot of confidence. I am recommending Balmer Lawrie Investments.

What is the second stock on your radar and why is it that you like this one?

The second idea is Albert David. Albert David has corrected and I am reiterating Albert David once again. It is a small niche pharmaceutical company with annual sales of around Rs 300 crore. If you look at many small pharma companies, the market cap to sales is normally anywhere from two to as much as even ten times whereas this is available at discount and it has got a good balance sheet.