Look for better bets than HMT: Paras Adenwala
In an interview with ET Now, Paras Adenwala said that prefer other stocks to HMT even when there are good news for the stock.
By ET Online |
ET Now spoke to Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors, to get his views on HMT.
What do you have to say about HMT? The news is out today about the possibility of the company breaking into the black sooner rather than later. The divestment will also be happening in early FY11. Do you think it’s a big positive for the stock? And it always had trader interest, could it also have investor interest now?
I think this is a stock that has always given out hope for a complete turnaround but more often than not again the hopes have been belied. So, even if the turnaround happens, even if there is a disinvestment happening in the stock, I think there are going to be much better bets available looking at the way the markets are falling.
So, why touch HMT when you have so many others stocks that would be available at your prices with a huge amount of margin of safety.
What do you have to say about HMT? The news is out today about the possibility of the company breaking into the black sooner rather than later. The divestment will also be happening in early FY11. Do you think it’s a big positive for the stock? And it always had trader interest, could it also have investor interest now?
I think this is a stock that has always given out hope for a complete turnaround but more often than not again the hopes have been belied. So, even if the turnaround happens, even if there is a disinvestment happening in the stock, I think there are going to be much better bets available looking at the way the markets are falling.
So, why touch HMT when you have so many others stocks that would be available at your prices with a huge amount of margin of safety.
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