Target for RCom is 160; Great Offshore Shipping does not look attractive: Gaurang Shah

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services, in a chat with ET Now speaks about stocks to sell.

What is it that you are looking to sell?

We do have a couple of downward ratings. Incidentally, we have 160 target on Reliance Communication, Great Offshore Shipping does not look very attractive. So we have given a reduced rating over there and some of these stocks in the real estate pack especially the lesser known names, where the focus as far as the property is concerned is very much concentrated in a particular geography.

Something like an Omaxe or something like a Puravankara or a Parsvnath calls for it. Even on a run up, one can advise to book profits on a DLF or an HDIL or a Unitech as a matter of fact and given the fact that you have got a sizable run up in cement, we are a little bit underweight on Ambuja.

We have a downward bias and at least a dip of about 15% to 20% could be seen over there. As of now, we are not looking at cement but on dips, frontline companies like UltraTech or an ACC or even some companies like Kesoram or Birla could definitely be one that you could look at but not at current levels on dips.