Sell Hero Honda: Ambareesh Baliga
"We have been giving a sell call on this stock for last couple of days especially when this news of the royalty payment and the transfer of shares to the promoters at a lower price had come out."
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| Ambareesh Baliga, VP, Karvy Stock Broking Ltd. in an interview with ET Now talks about Hero Honda.
What would be your call on Hero Honda given the news flow that we have seen all of this week?
We have been giving a sell call on this stock for last couple of days especially when this news of the royalty payment and the transfer of shares to the promoters at a lower price had come out. So we had given a sell call and it is possible that this stock can move down all the way to possibly around 1550-1600 levels.
What would be your call on Hero Honda given the news flow that we have seen all of this week?
We have been giving a sell call on this stock for last couple of days especially when this news of the royalty payment and the transfer of shares to the promoters at a lower price had come out. So we had given a sell call and it is possible that this stock can move down all the way to possibly around 1550-1600 levels.
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