Bullish on Century Textiles: Ambareesh Baliga, Karvy

ET Now spoke to Ambareesh Baliga, VP, Karvy Stock Broking Ltd., on his views on Century Textiles.

Would you look at a Century Textiles versus a Bombay Dyeing and a Raymond because I see Bombay Dyeing and Raymond making the sporadic moves now and then not so much for a Century?

Yes, basically from a trading angle when you are seeing two pseudo real estate stocks like Raymond and like Bombay Dyeing moving, possibly you could look at Century because it has not moved.

But then again in the last couple of days nothing much has changed like Raymond moved up from those levels of Rs 220-Rs 230 to closer to Rs 400 then went down to levels of around Rs 350-Rs 360, stayed there for a while. And this sort of a move which you are seeing today, there is basically no fundamental news for this stock to move like this. So I think it is basically a trading bet at this point of time. So pick up those stocks which have not moved I think they will move in the next 1 or 2 days.