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This is a ‘buy-on-dips’ and ‘sell-on-rise’ market: Kranthi Bathini

Kranthi Bathini of Wealthmills Securities spoke to Money9 on what to expect from markets going forward.

Domestic benchmark indices bounced back from their lows on Thursday, thanks to improved sentiments in world markets. All the sectors have seen buying, led by realty, media and auto names. After opening in the green, BSE flagship Sensex was up 495 points or 0.84% to 59,685. NSE benchmark Nifty advanced 140 points or 0.79% to 17,786. Tata Motors, IndusInd Bank, Eicher Motors, ICICI Bank, SBI Life Insurance and RIL were among other gainers while Divi’s Labs and Britannia were among the top losers. Kranthi Bathini of Wealthmills Securities spoke to Money9 on what to expect from markets going forward.

“We are following a strategy that is a buy on dips market. Investors need to have a portfolio strategy, don’t look at what’s happening in that indices, what’s happening to your stocks, and how your stocks are going to respond to the movements in the indices. For the stock specific actions are concerned, and whenever such a sharp declines comes in the market, investors must go and grab those declines, so it is a completely buy on dips and sell on rally market”, he said.

On the earnings season starting tomorrow, he said that there is a wide expectation that this time around, earnings as a whole, maybe also showing some kind of more upgrades.
He believes Piramal Enterprises and Gland Pharma, which have both clocked in over 100 and 50% returns from the time he recommended the stocks on Money9, that investors can look at buying the stocks on dips.
As a new stock recommendation, he said from the auto ancillary space one can focus on Bharat Seats could be a good investment bet for investors looking for 30% upside over the next one year.

Domestic benchmark indices bounced back from their lows on Thursday, thanks to improved sentiments in world markets. All the sectors have seen buying, led by realty, media and auto names. After opening in the green, BSE flagship Sensex was up 495 points or 0.84% to 59,685. NSE benchmark Nifty advanced 140 points or 0.79% to 17,786. Tata Motors, IndusInd Bank, Eicher Motors, ICICI Bank, SBI Life Insurance and RIL were among other gainers while Divi’s Labs and Britannia were among the top losers. Kranthi Bathini of Wealthmills Securities spoke to Money9 on what to expect from markets going forward.

“We are following a strategy that is a buy on dips market. Investors need to have a portfolio strategy, don’t look at what’s happening in that indices, what’s happening to your stocks, and how your stocks are going to respond to the movements in the indices. For the stock specific actions are concerned, and whenever such a sharp declines comes in the market, investors must go and grab those declines, so it is a completely buy on dips and sell on rally market”, he said.

On the earnings season starting tomorrow, he said that there is a wide expectation that this time around, earnings as a whole, maybe also showing some kind of more upgrades.
He believes Piramal Enterprises and Gland Pharma, which have both clocked in over 100 and 50% returns from the time he recommended the stocks on Money9, that investors can look at buying the stocks on dips.
As a new stock recommendation, he said from the auto ancillary space one can focus on Bharat Seats could be a good investment bet for investors looking for 30% upside over the next one year.

Published: October 7, 2021, 15:34 IST

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