Voltas, Crompton and Exide top picks among contra names: Edelweiss
"Ceat did extremely well but Exide can do well because they nearly have 60-65 per cent of the battery market," Edelweiss said.
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In a chat with ET Now, Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services, shares his views on the contra names. Excerpt:
ET Now: Wha is your view on the contra names?
Ambareesh Baliga: There are a lot of names that are doing well such as Voltas and Crompton. Another name that I will keep in my contra list is Exide where I see the replacement market really booming.
Ceat did extremely well but Exide can do well because they nearly have 60-65 per cent of the battery market. Hence, at these levels, I do not see much of a downside.
ET Now: Wha is your view on the contra names?
Ambareesh Baliga: There are a lot of names that are doing well such as Voltas and Crompton. Another name that I will keep in my contra list is Exide where I see the replacement market really booming.
Ceat did extremely well but Exide can do well because they nearly have 60-65 per cent of the battery market. Hence, at these levels, I do not see much of a downside.
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