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@ Stocks to be Avoided as Per Sharekhan

Posted By On 5:05 PM Under

Sharekhan Tips in India are being tracked by both investors and traders and now in its Sep newsletter it has given a boot to Balrampur Chinni Mills as it considers that Balrampur Chinni Mills could underperform in the near term due to the expected government intervention to control sugar prices.

Another stock which has been shown the door is Lupin and same has been replaced with IDBI Bank and Ipca Laboratories. They feel that rerating may occur in IDBI Bank due to capital infusion by the government, as media reports suggest that the World Bank has approved the proposed loan for recapitalisation of certain public sector banks in India. Ipca Laboratories has been considered as a tactical switch from Lupin within the pharmaceutical space.
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