Buy tyre stocks for short term profit: Dynamix Research
ET Now talks to Sanjeev Agarwal, Director, Dynamix Research and Capital Management on tyre space.
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| ET Now talks to Sanjeev Agarwal, Director, Dynamix Research and Capital Management on tyre space.
Tyres space has been doing really well. In the past one week it has seen almost 12% to 15% gains. Ceat is talking about margin pressures building up but the stock price don't seem to be in pressure at all, do you think there is a way to go for more?
Right now what we are seeing is a very strong traction in a madcap, though the large caps are very range bound. Midcaps are showing alternate burst of buying by the FIIs so there is some kind of traction available in these tyre stock as well.
But once this rotation is over we might again look at a stronger fall so definitely I will like to benefit out of these rotation for a short period only and I will not like to buy these for long terms. So when I get a very decent profit I will just book out so definitely the same thing I will advice to the investors. They should buy only for a very short term gains and not for a very long term perspective at these levels.
Tyres space has been doing really well. In the past one week it has seen almost 12% to 15% gains. Ceat is talking about margin pressures building up but the stock price don't seem to be in pressure at all, do you think there is a way to go for more?
Right now what we are seeing is a very strong traction in a madcap, though the large caps are very range bound. Midcaps are showing alternate burst of buying by the FIIs so there is some kind of traction available in these tyre stock as well.
But once this rotation is over we might again look at a stronger fall so definitely I will like to benefit out of these rotation for a short period only and I will not like to buy these for long terms. So when I get a very decent profit I will just book out so definitely the same thing I will advice to the investors. They should buy only for a very short term gains and not for a very long term perspective at these levels.
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