Pipavav is steady: Ambareesh Baliga, Way2Wealth Brokers Pvt. Ltd
Shipyard space especially for the defence orders point of view clearly there is one stock which I like is the Pipavav which again in a market like this has actually held quite steady at levels above Rs 80.
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| Updated: Ambareesh Baliga, COO, Way2Wealth Brokers Pvt. Ltd., in a chat with ET Now, gives his views on Pipavav
The shipyard is space opening up, defence orders are also opening up. You like it?
Shipyard space especially for the defence orders point of view clearly there is one stock which I like is the Pipavav which again in a market like this has actually held quite steady at levels above Rs 80 and along with the orders which are expected to flow in over the next at least one or two quarters. I think this is the one stock which you can buy, we have a price target initially from a trading point of view of about Rs 98 but then from a investment point of view if you can hold on for about six to eight months I think this stock can easily go to levels of about Rs 120-125.
The shipyard is space opening up, defence orders are also opening up. You like it?
Shipyard space especially for the defence orders point of view clearly there is one stock which I like is the Pipavav which again in a market like this has actually held quite steady at levels above Rs 80 and along with the orders which are expected to flow in over the next at least one or two quarters. I think this is the one stock which you can buy, we have a price target initially from a trading point of view of about Rs 98 but then from a investment point of view if you can hold on for about six to eight months I think this stock can easily go to levels of about Rs 120-125.
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