Bullish on Talwalkars: Ambareesh Baliga

Ambareesh Baliga, VP, Karvy Stock Broking Ltd. in an interview with ET Now discusses Talwalkars Better Value Fitness Ltd.

I see you like Talwalkars, which again is really riding the wave right now and a very short-term perspective there, 2-3 weeks?

Yeah, basically because we have seen a decent move in Jubilant Foodworks and broadly I would say more or less they fall in the lifestyle sector, one possibly helps you gain weight, which is Jubilant and the other one helps you lose that extra flab but again the story is basically on how many extra stores or centres they are able to add and that's the story, which will play out over the next couple of months and unlike Jubilant, this is one stock, which was languishing at that 175-180 mark for quite a while after that IPO, after that initial bump up. It is only in the last two days that we have seen a movement, so from that point of view as a trading bet, you could have this stock possibly moving up as Rs. 25-30 from here over the next 2-3 weeks.