Thursday, 30 October 2008

Buy growth stocks, exit defensives: Dipan Mehta

Dipan Mehta, Member, BSE and NSE feels the current levels are attractive to get into the market or to reshuffle portfolios. “These are perfect times to buy into growth rather than sitting with defensive stocks at this point in time.”

Mehta believes it is better to park one’s money in fixed deposits rather that funds. “With the kind of interest rates that one gets on fixed deposits, it’s better off to park money in cash.”

Mehta is overweight on the pharmaceutical sector. “I think pharmaceutical is quite an interesting area to be in uncertain times like these. “Indian pharmaceutical companies benefit because they derive a lot of revenues from exports. So, the rupee benefits them.”

Source: Moneycontrol

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.