Buy with a 1-year investment horizon: UBS Sec
March 25th, 2009
Suresh Mahadevan, Head-Research, UBS Securities, expects the markets to remain rangebound. He says that valuations are attractive and investors can buy with a one-year investment horizon.
In an interview with CNBC TV 18, Mahadevan also said that global markets would see stability, especially the US, and that would be advantageous for Indian markets. He is overweight on the US markets and said that one would have to watch out for global cues.
Elections, according to him, were an important event so the market may take cues from it, he said.
Mahadevan suggests buying at the current levels and says that there is a fair amount of value in the markets currently from a 12-month period view.