Reduce telecom, power stocks: A Chakraborty
Published on Thursday, June 11th, 2009 at 9:57 PMAuthor: admin (5507 Articles)
Amitabh Chakraborty, CFA, FRM, President (equity), Religare Capital Markets is of the view that one should reduce telecom, power and get into little bit higher beta sectors like steel and cement.
“I can see 3G processes as a very big event. We will be seeing a lot of activity around three weeks and that would be added through the revenue but overall my sense is this year probably is not the year for telecom sector. One should reduce the beta from those sectors and get into little bit higher beta like cyclical and in that space probably steel and cement those type of commodity play one should play because if the economy is turning then there is no point of keeping portfolio weightage into slightly low beta stock, which means telecom and power. So one should reduce them and get into that high beta portfolio.”
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
Source : MoneyControl
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